An exchange-traded fund (ETF) is an investment fund traded on a stock exchange that holds assets, rather than being a trading company. Such funds typically track an index. The New Zealand Exchange is the only provider of ETFs in New Zealand and has 35 of them, under the SmartShares brand.[1] Some track New Zealand or Australian stocks, some invest directly into US listed Vanguard ETFs, and some have outsourced active management covering fixed income and cash.
| Name | Code | Benchmark | Annual management fee[2][3] |
|---|---|---|---|
| Smartshares New Zealand Dividend | DIV | S&P/NZX 50 High Dividend Index | 0.54% |
| Smartshares New Zealand Mid Cap | MDZ | S&P/NZX Mid Cap Index | 0.60% |
| Smartshares New Zealand Top 10 | TNZ | S&P/NZX 10 Index | 0.60% |
| Smartshares New Zealand Top 50 | FNZ | S&P/NZX 50 Portfolio Index | 0.50% |
| Smartshares New Zealand Property | NPF | S&P/NZX Real Estate Select Index | 0.54% |
| Smartshares Australian Dividend | ASD | S&P/ASX Dividend Opportunities Index | 0.54% |
| Smartshares Australian Mid Cap | MZY | S&P/ASX Mid Cap 50 Index | 0.75% |
| Smartshares Australian Financials | ASF | S&P/ASX 200 Financials Ex-A-REIT Index | 0.54% |
| Smartshares Australian Resources | ASR | S&P/ASX 200 Resources Index | 0.54% |
| Smartshares Australian Property | ASP | S&P/ASX 200 A-REIT Equal Weight Index | 0.54% |
| Smartshares Australian Top 20 | OZY | S&P/ASX 20 Index | 0.60% |
| Smartshares Asia Pacific | APA | Vanguard FTSE Pacific ETF | 0.55% |
| Smartshares Emerging Markets | EMF | Vanguard FTSE Emerging Markets ETF | 0.59% |
| Smartshares Europe | EUF | Vanguard FTSE Europe ETF | 0.55% |
| Smartshares Total World | TWF | Vanguard Total World ETF | 0.40% |
| Smartshares US 500 | USF | Vanguard S&P 500 ETF | 0.34% |
| Smartshares US Large Growth | USG | Vanguard Growth ETF | 0.51% |
| Smartshares US Large Value | USV | Vanguard Value ETF | 0.51% |
| Smartshares US Mid Cap | USM | Vanguard Mid Cap ETF | 0.51% |
| Smartshares US Small Cap | USS | Vanguard Small Cap ETF | 0.51% |
| Smartshares Global Bond | GBF | Barclays Global Aggregate Index | 0.54% |
| Smartshares New Zealand Bond | NZB | S&P/NZX A-Grade Corporate Bond Index | 0.54% |
| Smartshares New Zealand Cash | NZC | S&P/NZX 90-day Bank Bill Index | 0.20% |
See also
editReferences
edit- ^ "Smartshares Exchange Traded Funds – Core Series" (PDF). Smartshares. 5 November 2020. Retrieved 10 August 2021.
- ^ "Smartshares Exchange Traded Funds – Specialist Series" (PDF). Smartshares. 5 November 2020. Retrieved 10 August 2021.