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The IPO closes on 17 September and will be supported by a nationwide roadshow for investors and advisors beginning in Wellington on Tuesday 24 August.
MOZY will track the S&P/ASX MidCap 50 Index in Australia, allowing New Zealanders to invest in medium-sized Australian companies through a Smartshares fund listed on the NZSX Market.
“MOZY offers New Zealand investors a cost-effective and simple way to diversify into the Australian market,” said Geoff Brown, NZXFM Director.
“It's an ideal product for investors with little time or interest in gaining an in-depth knowledge of the Australian market, but would still like to invest across the Tasman. This is because MOZY allows investors to gain a stake in a wide range of well known Australian companies with a single trade,” said Brown.
MOZY joins the NZSX 10 Fund (TENZ) and the NZSX MidCap Index Fund (MIDZ) in the recently-launched Smartshares family of exchange traded funds. Smartshares are designed to help more New Zealanders invest in the sharemarket easily and cost effectively, and to share in the success of listed companies both in New Zealand and Australia.
Applications to invest in MOZY can be made by filling in the form contained in the prospectus, which will be available from Monday 23 August. For more information on how to invest in MOZY, visit the Smartshares website at www.smartshares.nzx.com.
