Sharesies and Smartshares both allow you to invest in ETFs. And because it also offers access to ETFs and managed funds, Sharesies wins points for offering potential diversification. This guide features a Sharesies vs InvestNow vs Smartshares comparison. 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). According to Fortune Magazine, the S&P 500 (the major American sharemarket index) outperformed more than 82% of all active funds over a 15-year period. Subscription fees for Kids accounts (children under 18) are half-price. Share brokerage fees also apply, as do management fees when you invest in an ETF or managed fund. 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. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. While we are independent, we may receive compensation from our partners for featured placement of their products or services. If you’re looking to trade US stocks from NZ, the most direct way of these to do so is via Sharesies. This means you can buy 1 cent of an A2 Milk share or Air New Zealand share. We update our data regularly, but information can change between updates. NZX Funds Management own and run Smartshares. 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). We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. 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 difference between SmartShares and Sharesies is $163.34, 3.3%. ANZ offers six KiwiSaver plans and a handy Lifetime Option for investors. Hatch is another Wellington based service owned by KiwiWealth, and they’ve recently reached over 10,000 investors. InvestNow vs Sharesies . If you are an active or aggressive saver/investor and want a fund manager to continuously pick shares or other securities for short/medium term investment, Sharesies is not for you. There is no subscription fee for anyone with a portfolio balance below $50. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. You set the amount you want to invest/pay, the frequency (i.e. Hatch gives Kiwis easy access to the United States sharemarket, and with this access comes the opportunity to invest in 754different US domiciled ETFs!!! When he’s not staring at his computer, you can usually find him exploring the great outdoors. From August 2020, Sharesies now offers US stocks and ETFs. Finder is committed to editorial independence. Our. Meanwhile, Smartshares also offers access to a wide range of 35 ETFs. In rare instances, a provider will change a price or product before we've had a chance to update our information; double check prices first before making any decision. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. An index fund provides diversity in risk, as your investment is spread over many companies within the index, proportioned by the size of each company's market value. Our, Want to compare ETFs with shares? The company is a business owned by NZX - the company which runs the … ​We cannot accept liability for any decision made based on our information. The two other funds offered by Sharesies are run by Pathfinder, a fund manager which specializes in socially responsible funds. Learn how we maintain accuracy on our site. The choice is more limited with Sharesies, where you can invest in a total of eight funds from the following fund managers: Sharesies doesn’t charge fees on managed funds, so you’ll need to check with the fund provider for details of all costs involved. … As is the case with any index fund or equities investments, markets go up and down. But InvestNow and Smartshares both offer a wide range of choice of managed funds and ETFs respectively, so they’re well worth considering if you want to invest in those options. You can set up a Sharesies account if you’re an NZ resident aged 16 years or older and you have an NZ bank account. You’ll need to be at least 16 years of age and have an NZ bank account. Index Funds, ETF, SmartShares, Sharesies, Hatch, Investment There has been a sudden interest in the share market and it has me worried. The benefits of Sharesies is that investments can be as little as $5, but for a serious investor willing to contribute at least $1,000 a year to their fund, the free fee offering from. Too many New Zealanders were priced out of investing, she said. US 500 ETF at low contribution Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. The Dotcom bubble in the early 2000s sank global indexes, as did the 2008 Global Financial Crisis. With regards to user experience, Sharesies makes logging in seamless. Sharesies allows people with a minimum of $5 to invest to put their money into Smartshares exchange-traded funds. ... Paying off debt vs investment. 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). Who will win in the PS5 vs XSX video game console war? Simplicity is better than Superlife and Sharesies, as well as the SMartshares FNZ fund, for amounts of more than $3,000. What Happens If Your Investing Platform Shuts Down? weekly, monthly) and then the start date. Launched in March 2017, it provides access to over 140 managed funds and a range of bank term deposits. Your simple guide to the S&P/ASX 200, how it works, and how to invest in this benchmark index from NZ. Wholly owned by NZX, Smartshares provides access to dozens of ETFs. All international Sharesies funds are 100% hedged to the New Zealand dollar. Sharesies promotes two funds which are socially responsible – the Global Responsibility Fund and the Global Water Fund. Sharesies offers many funds which are also offered by. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Sharesies is again the highest cost provider across pretty much all time ranges. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. Leading online share portfolio tracker & reporting tool for New Zealand investors. ( https://www.smartshares.co.nz ). They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. It's quick to sign up. thesmartandlazy.com ETF and Index Fund are simple, low-cost and diversified investment option with a positive result in the long term. To gain exposure to NZ shares on InvestNow or Smartshares, you’ll need to consider a managed fund or ETF. However, other platforms can be cheaper and don't charge such fees. Check out the table below to find how much it costs to invest with Sharesies vs InvestNow vs Smartshares. 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. People have invested $7 million through Sharesies since its beta version launched in June. It plays an important part in my plan to achieve financial freedom by only do a few smart things and nothing much else. To explain a bit more, Sharesies users are given the opportunity to invest in eleven funds – each one a different risk profile. 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? N/A (although there is a $250 minimum investment). InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. Comparing Sharesies vs Investnow vs Hatch and more, Top 10 New Zealand Personal Finance Experts, Trusted Insurance Brokers in Christchurch, American Express Airpoints Platinum Review, Best Foreign Currency Debit & Credit Cards, TransferWise International Money Transfer Review, Renting Directly to Tenants vs Using an Agent, Trusted Mortgage Brokers in Napier and Hastings, Fixed or Floating Mortgage Rate Calculator, How to Check Your KiwiSaver Contributions, New Zealand Defence Force KiwiSaver Scheme, 65+ Best Online Shopping Websites in New Zealand, The Complete Guide to Renting in New Zealand, Hardship Assistance - Urgent Costs and Living Expense Assistance, Student Job Interview Questions and Answers, Investment options specific for young people and outside of the housing market have been few and far between for young people in New Zealand. 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