finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. ANZ offers six KiwiSaver plans and a handy Lifetime Option for investors. There are 25+ funds in total, outlined below in the categories of: As a Sharesies member, you'll pay between $18 to $30 per year as a subscription fee. Sharesies is another popular option for New Zealand investors and is aimed at young people. There’s a key question you’ll need to consider when choosing an investing platform: What fees does the provider charge? The transaction fees for NZX-listed companies are low, and because Sharesies offers fractionalised shares, investors can invest as little as 1 cent in any share or fund. However, an annual $30 subscription fee applies, whereas members of. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. Confirm details with the provider you're interested in before making a decision. This eliminates exchange rate movement as an investment risk, so your overseas portfolio won’t be affected by the day-to-day movements of the Kiwi dollar. Invest in environmentally and socially responsible global equities, megatrends and passive global bonds for the first time with Smartshares. If you’d like to buy and sell NZ shares directly, Sharesies is once again the only one of these three platforms that allows you to do so. Who will win in the PS5 vs XSX video game console war? Please appreciate that there may be other options available to you than the products, providers or services covered by our service. The two other funds offered by Sharesies are run by Pathfinder, a fund manager which specializes in socially responsible funds. Sign up. While we receive compensation when you click links to partners, they do not influence our content. Simplicity is better than Superlife and Sharesies, as well as the SMartshares FNZ fund, for amounts of more than $3,000. While we are independent, we may receive compensation from our partners for featured placement of their products or services. Ultimately, your investment goals and appetite for risk will help determine the platform you choose. Electric vehicle (EV) stocks to watch and how to invest, Review: Interactive Brokers online share trading broker, From $0 to $3, depending on the value of your portfolio, 0.5% for orders up to $3,000 and 0.1% for order over, 0.4% exchange fee when you change NZ dollars into US dollars. You’ll need to be at least 16 years of age and have an NZ bank account. From August 2020, Sharesies now offers US stocks and ETFs. "We want all New Zealanders to know investing is an option for them. SmartShares vs SuperLife vs Simplicity vs InvestNow. Too many New Zealanders were priced out of investing, she said. You get up to date data that tells you details like increases or decreases in value from the previous day and monthly returns. Sonya and Brooke launched Sharesies in June this year to remove some of the complexities around investing and help young New Zealanders grow their money. Subsequent investments have no fee applied. Sharesies and Smartshares both allow you to invest in ETFs. NASDAQ, NYSE, BATS, Chicago Stock Exchange, and more. In a nutshell, Sharesies is the most expensive platform in its class for small investors. As is the case with any index fund or equities investments, markets go up and down. CORE SERIES; S&P/NZX 50 ETF (NZG) S&P/ASX 200 ETF (AUS) US 500 ETF (USF) TOTAL WORLD ETF (TWF) TOTAL WORLD (NZD HEDGED) ETF (TWH) S&P/NZX NZ GOVERNMENT BOND ETF (NGB) The index fund benefits from low operating expenses and management fees due to the fact that the fund must invest in the companies within the index and therefore doesn't need fund managers to make judgments or research in order to make the investments. Sharesies isn’t for the short term. Here’s everything we know so far about the Innoviz Technologies IPO. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. BNZ offers six KiwiSaver funds for different risk profiles, including a unique First Home Buyer Fund. It created New Zealand’s first ETF in 1996 and is headquartered in Auckland. ETFs that invest in global trends, such as technological innovation. This means that even if we’ve only received a 1% dividend for the year, we pay tax as if we had received 5%. With SmartShares you are buying a unit in a fund so you get an individual unit allocated against your common shareholder number (CSN) whereas with SuperLife you are buying a pooled investment where you don’t actually own the units so you can’t control the price you sell it at. There are no brokerage fees when you buy an NZ ETF, but they do apply when you buy an ETF on a US exchange (0.5% on orders up to $3,000 and an additional 0.1% on amounts above $3,000, charged in USD). Index funds historically outperform managed funds. If you’re looking to trade US stocks from NZ, the most direct way of these to do so is via Sharesies. There are four products in the range, TENZ, MIDZ, FONZ and MOZY. NZ shares: Sharesies vs InvestNow vs Smartshares Finder is committed to editorial independence. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. If you are unsure you should get independent advice before you apply for any product or commit to any plan. The $1.50 - $3.00 per month fee is poor value for money if you only have a small investment - for example $18 on a $500 investment is a 3.60% management fee (the range is usually 1-3% among New Zealand fund managers). The US 500 fund is an example of that. Which one is the most secure or safe if I wanna put my money in there for say (just wondering, not my intention) retirement or like 10+ years long term. Customer support is limited to email and social media, and the team won’t offer any form of financial advice as to what fund(s) to invest in. We update our data regularly, but information can change between updates. From the perspective of user experience, Sharesies goes beyond all expectations and delivers a friendly platform that is rich in design while making investments easy. … Our, Want to compare ETFs with shares? If you’re doing a Sharesies vs InvestNow comparison, you’ll be interested to learn that both providers provide access to managed funds. 10 Top Investments for Young New Zealanders, Investing in the US Stock Market from New Zealand, Barefoot Investor-Friendly Financial Products in New Zealand. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. Examples are the Smartshares US 500 ETF (investing in the United States), Smartshares Emerging Markets ETF (investing in emerging markets e.g. We may receive compensation from our partners for placement of their products or services. However, there are other easy-to-use share-trading platforms, such as Stake, that let you buy US shares from New Zealand. Direct from a fund manager. Subscription fees for Kids accounts (children under 18) are half-price. An index fund is a type of investment that is established to invest in or track the components of a market index, such as the New Zealand NZX50 (our largest 50 companies) or the Standard & Poor's 500 Index (S&P 500). They’re designed to make it easy to invest in shares, exchange traded funds (ETFs) and managed funds — but how do you know which of these investing platforms is the best choice? Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. Index Funds, ETF, SmartShares, Sharesies, Hatch, Investment There has been a sudden interest in the share market and it has me worried. So, this uses up some of the cash received from underlying company dividends as well. I've made a table to compare four investment service in NZ. We take a closer look at six popular EV stocks and what they have to offer to Kiwi investors. MoneyHub is not a Financial Adviser, and this guide has been published to explain the investment fundamentals and outline the pros and cons of Sharesies as an investment platform. For example, the NZ Top 50 Sharesies fund invests in the 50 largest New Zealand listed companies, so you are well diversified. Great for beginner to start because of low entry requirement. We link to other websites throughout this website, but take no responsibility for the content they publish. I am noticing that there is a cohort of investors frantically rushing to invest in shares to “make the most” of this current crisis. Being able to buy shares worth $200 for a $1 fee is market-leading, although it's essential to understand that the $30 annual fee for being a Sharesies member will still apply. The, platform is a product of a startup incubator. Sharesies, InvestNow and Smartshares all have their strengths and weaknesses. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. Finder speaks with 33 investment experts about what the future of investing might hold. All international Sharesies funds are 100% hedged to the New Zealand dollar. To buy and sell shares on the NZX, you’ll need to pay a 0.5% transaction fee on orders up to $3,000, while an additional 0.1% fee applies to amounts above $3,000. Learn how we maintain accuracy on our site. Secondly, Smartshares US 500 invests into a foreign investment fund (FIF). Overtaking the InvestNow FNZ fund at around the $15,000 mark. Sharesies. InvestNow is an online investment platform based in Wellington. Interactive Brokers offers some of the lowest brokerage fees on the market, but there are caveats you need to be wary of. Everything else is the same as Smartshares when it comes to the underlying investments, but the difference is the monthly or $30 annual fee for Sharesies ($0 for Smartshares) and the minimum contribution is 1 cent (but $500 for Smartshares). An index fund is different to many other managed funds, which have investment managers working to predict market movements and make investments on your behalf to add value to your portfolio. The 35+ funds each offer a unique investment strategy. Smartshares Exchange Traded Funds – read our Investment Statement and learn more about our products. The other funds contain New Zealand and overseas heavyweights, including defence/arms manufacturers and oil drillers. The upside with smartshares is no fee to buy or sell directly with them (AFAIK) whereas with an ASX traded ETF like Vanguard will have brokerage fees to buy and sell (0.3% with ASB securities online). 35 ETFs across NZ, Australia and global stock exchanges. However the benefits are numerous, including easy-to-track apps, a community focused on investor educations, and continuous roll-out of new features. We can't guarantee everything contained on this website will be perfect - you use the information contained on our website and all social channels at your own risk.. Annual management fees are charged as a percentage of your total investment, but the percentage amount varies depending on the ETF. Certain funds not marked as “sustainable” may make investments in companies trading in weapons, tobacco, nuclear and other “unethical” business. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. The fees for these Vanguard ETFs are not as transparent as the Smartshares funds on Sharesies. Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. Which means that there are now over 60 US Vanguard funds available on their platform. Sharesies vs. Smartshares vs. Hatch. Many of the shares your fund invests in will pay dividends. Everything else is the same as Smartshares when it comes to the underlying investments, but the difference is the monthly or $30 annual fee for Sharesies ($0 for Smartshares) and the minimum contribution is 1 cent (but $500 for Smartshares). We may also receive compensation if you click on certain links posted on our site. weekly, monthly) and then the start date. Over 100 managed funds from a number of NZ and global fund providers. Invest Now, which launched in March and is in the process of buying Rabo Direct’s managed funds business, has over $100 million under management. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. The fees vary, as does the minimum investment, and as more entrants come to the market, we expect the fees charged to fall as competition heats up. Our priority is accurate information. Smartshares funds sit on the fence between the two. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. Sharesies, InvestNow and Smartshares are three well-known online platforms that aim to help Kiwis grow their wealth. But the new NZG fund for InvestNow and Smartshares proves cheaper than Simplicity. In this guide, we outline what Sharesies is, what funds and shares they offer to the Kiwi investor, the pros and cons of Sharesies and fees. Leading online share portfolio tracker & reporting tool for New Zealand investors. After providing proof of ID and address, you’ll need to decide your initial investment and what fund to pick. Sharesies allows people with a minimum of $5 to invest to put their money into Smartshares exchange-traded funds. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. What are the differences between those available platforms? With the ability to invest in any NZX-listed company, and the array of index funds offered, there is significant choice for most investors. For one- the management fee is not clearly stated when you search for a Vanguard ETF. The funds available are offered by Pathfinder Asset Management (an. Visit our, You’ll also need proof of address and a form of ID, To keep your Sharesies active, you must pay the monthly or annual subscription fee, You’ll need to pick which fund(s) you want to invest in based on your sensitivity to risk, Socially responsible investments (Pathfinder), The Australasian Dividend Fund (refer to the, Want to compare Sharesies with Hatch and Stake for. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. The three Pathfinder funds offer socially responsible investment for as little as 1 cent, unobtainable for less than $5,000 before Sharesies. NZX Funds Management own and run Smartshares. This guide features a Sharesies vs InvestNow vs Smartshares comparison. We’ll take an in-depth look at which provider offers what a little further down the page. You do however get the option of being paid out in cash when a dividend is declared, and the value will be sent to your bank account. The underlying investment funds offer diversity in the sharemarket (both in New Zealand and overseas) without significant risk. Sharesies has grown to. All indexes are now at record highs, but this is no guarantee of future earnings. US 500 ETF at low contribution There is no subscription fee for anyone with a portfolio balance below $50. We welcome your stories, tips and any feedback via. . There’s no joining fee, meaning every dollar you invest goes directly to your Smartshares holdings. So basically Superlife got the most function and investment option. The Smartshares range of ETFs includes socially responsible international equity exposure, access to Robotics & Automation and Healthcare Innovation ‘megatrends’, and passive global bonds. Simplicity and Smartshares both offer ETF-based investments. For this reason, only specified socially responsible funds are indeed suited to certain socially-minded investors. Who is the company behind it? The returns/profit you make don’t necessarily depend on the risk you take. To gain exposure to NZ shares on InvestNow or Smartshares, you’ll need to consider a managed fund or ETF. InvestNow offers access to more than 140 funds from over 20 NZ and global fund managers, including: You can choose from a regular investment plan or a one-off investment, and access funds that target international shares, listed property, fixed interest and more. Both platforms make their money by charging fund managers for hosting their funds. Here is the table. Ultimately the monthly/annual fees make it less competitive than other platforms, meaning $18 per year on a $500 balance is a high price to pay. N/A (although there is a $250 minimum investment). regularly, How to buy Innoviz Technologies (INVZ) stock in New Zealand when it goes public, How to buy Roblox Corporation (RBLX) stock from New Zealand when it goes public, PS5 vs Xbox Series X: Performance, price, features, games and more. You should also be aware of the 0.4% exchange fee when you convert NZD to USD. We may also receive compensation if you click on certain links posted on our site. It’s made very user-friendly for beginner investors. For example: An investment in one Sharesies fund means you’re putting money into a number of companies, so if one doesn’t perform as expected the strength of other companies will balance out the bad eggs. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Here’s how you can buy shares in it from New Zealand. The difference between SmartShares and Sharesies is $163.34, 3.3%. And because it also offers access to ETFs and managed funds, Sharesies wins points for offering potential diversification. Hi guys, Looking to start investing but there are soo many apps and platforms in NZ alone! For the purposes of this review, we cover the New Zealand-orientated shares and funds: our comparison of Sharesies with Hatch and Stake is, Comparing Sharesies vs Investnow vs Managed Funds and more. Management fees are built into the price of ETFs and managed funds and are charged by the fund manager Sharesies partners with. Some of the ETF issuers are (click each o… We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. Compare Sharesies, InvestNow and Smartshares with other online investing services to find the best platform for your needs. 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