NZXFM’s MOZY Fund Up On Listing Price

NZX Funds Management Limited (NZXFM) is pleased to announce that the new Smartshares fund, the MOZY, listed yesterday at a net tangible asset value of NZD$3.7076. This is up on the 21 September issue price for the MOZY of NZD$3.6781.

To date the MOZY has 1739 unitholders, who hold a total of 9,021,445 units.

The MOZY, NZX Australian MidCap Index Fund, is an exchange traded fund (ETF) that tracks the S&P/ASX MidCap 50 Index. In the 12 months to 30 June 2004, this index gained 25.6 per cent. The MOZY is the first offshore fund in the new Smartshares range of ETFs to be launched by NZXFM. It gives New Zealand investors the chance to diversify their portfolios into 50 different medium-sized Australian companies with one trade.

MOZY began trading on the NZSX Market under the ticker code ‘MZY’.