The SuperLife version of this fund has the same underlying investments, but have slight differences around fees and tax which we’ll cover later the in article. The S&P/NZX 50 ETF is also offered by Smartshares’ sibling fund manager SuperLife.
You can invest in this fund direct via Smartshares (minimum investment $500), through InvestNow (minimum investment $50), or via an NZX broker like Sharesies (minimum investment $0.01).
This fund contains 50 of the largest companies listed on the NZ sharemarket. Smartshares’ core NZ fund offering is the S&P/NZX 50 ETF which tracks the S&P/NZX 50 Index. So let’s take a look at our fund options below: Overall, NZ shares index funds are commonly used as a core building block in a long-term investment portfolio, sitting alongside the likes of global shares index funds. And being index funds, these benefits come with low management fees. These funds make it easy to invest locally, saving you from having to research and pick individual companies to invest in. They contain companies spread across many industries, including well known names such as Contact Energy, Spark, Fletcher Building, and Air New Zealand. New Zealand shares index funds allow you to invest in the NZ sharemarket in one go, by containing a broad selection of companies listed on our domestic market.
