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Smartshares Limited manage a range of five Exchange traded funds (ETFs) which enable investors to get exposure to baskets of shares in Smartshares funds, comprising medium to large companies in both Australia and New Zealand.
Smartshares funds, designed to track a particular sharemarket index, have proved popular with investors, with FUM growing because of their transparent and low cost structure. This bucks the trend of FUM outflow in the retail sector over the past three years.
| Smartshares Fund | Index tracked by the Smartshares Fund | Companies included within the Index | One Year Performance* |
|---|---|---|---|
smartFONZ |
NZX 50 Portfolio Index |
The top fifty companies listed on the NZSX Market including: Guinness Peat Group plc, Goodman Fielder, Infratil, Sky Network Television. |
32.55%
|
smartMIDZ |
NZX MidCap Index |
The top fifty companies listed on the NZSX Market, excluding those in the NZX 10 Index including: Air New Zealand, Infratil, Michael Hill International, Pumpkin Patch and The Warehouse Group. |
43% |
smartTENZ |
NZX 10 Index | The top ten companies listed on the NZSX including: Auckland International Airport, Contact Energy, Fletcher Building, Fisher & Paykel Healthcare, Sky Network Television. | 9.78% |
smartOZZY |
S&P/ASX 20 Index |
The top twenty companies listed on the ASX including: Westpac, Macquarie , Coles Group and Woolworths. |
18.17% |
smartMOZY |
S&P/ASX MidCap 50 Index |
Shares in the fifty medium sized Australian companies listed on the ASX including: Australian Stock Exchange, ComputerShare, Harvey Norman and Coca-Cola Amatil. |
30.51% |
*- returns calculated on unit price movement, assuming distributions are re-invested on payment date, after tax, pre-management fee.
“It is great to see Smartshares hit the $500 million funds under management mark and we believe this growth is set to continue with the new KiwiSaver scheme highlighting the importance of savings and investment in New Zealand,” said Head of Sales and Marketing for Smartshares, Yvonne Davie.
Smartshares also offers a regular savings plan and dividend reinvestment plan so investors can grow the size of their investments at a pace that suits them.
”People are keen to save, they just need the tools to do it in a simple, straightforward way and at a low cost,” said Davie .
The number of ETFs in the US has increased from 51 in 2000 to 380 in 2006 in response to strong investor demand for simple low cost, diversified investment vehicles. According to a recent Morgan Stanley report this trend of growth is likely to continue, with plans for another 300 or so ETFs to be launched around the world.
For more information about Smartshares visit www.smartshares.co.nz
About Smartshares Limited (Smartshares)
Smartshares Limited is a wholly owned subsidiary of New Zealand Exchange Limited (NZX) and is the manager of Smartshares funds. NZX does not guarantee the performance of Smartshares funds. Units have been accepted for quotation by NZX and will be quoted upon completion of allotment procedures. However the Special Division which regulates NZX takes no responsibility for this offer. A copy of Investment Statements can be obtained by contacting Smartshares at www.smartshares.co.nz or by phoning 0800 80 87 80.
