NZX: Smartshares Increases Its ETF Tally To Five With smartOZZY

Smartshares Limited is pleased to announce the purchase of the management rights for the exchange traded fund, Tortis Ozzy and the re-naming of the fund to smartOZZY.

smartOZZY is the fifth addition to the Smartshares family; it tracks the S&P/ASX 20 Index and contains some of Australia 's most prominent brands such as Westpac, Coles Myer, Woolworths and Foster's.

smartOZZY has been purchased from TOWER Managed Funds Investments Limited. Smartshares have taken on the management rights but will continue to outsource the underlying investment management to Passive Funds Management Limited. The investment strategy of the fund will remain unchanged. The acquisition of smartOZZY management rights brings the total Smartshares funds under management to over $450 million.

Units in smartOZZY will continue to be quoted on the NZSX Market under the security code OZY. The Cash Application and Regular Savings Scheme that have proved such a popular feature of the other Smartshares funds will be extended to include this new fund and will be offered from the date of the lodging of the new smartOZZY prospectus.

“Purchasing smartOZZY is a move in the right direction to extend and grow our product offering,” said Yvonne Davie, Smartshares Head of Marketing and Sales. “Now Smartshares investors can tap into the top Australian stocks and create a really diversified equity portfolio.”

Other funds in the Smartshares family are; smartTENZ which tracks the NZX 10 Index; smartMIDZ, which tracks the NZX MidCap Index; smartFONZ, which tracks the NZX 50 Portfolio Index and smartMOZY, which tracks the S&P/ASX MidCap 50 Index.

For further information on the above please email smartshares@nzx.com or visit the Smartshares website.