List of New Zealand exchange-traded funds
Encyclopedia
An exchange-traded fund
is a financial product traded on a stock exchange
whose underlying assets are matched against an index (such as the S&P 500), rather than a trading company. There are five exchange-traded funds listed on the New Zealand Exchange
, all sold under the SmartShares brand:
Exchange-traded fund
An exchange-traded fund is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an index, such as the S&P 500 or MSCI EAFE...
is a financial product traded on a stock exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
whose underlying assets are matched against an index (such as the S&P 500), rather than a trading company. There are five exchange-traded funds listed on the New Zealand Exchange
New Zealand Exchange
NZX Limited is a stock exchange located in Wellington, New Zealand. Since July 2005 it has been located in NZX Centre, the renovated Odlins building on the Wellington waterfront...
, all sold under the SmartShares brand:
| Name | Index | Expense Ratio |
|---|---|---|
| SmartTENZ | NZX 10 | Up to 0.60% |
| SmartMIDZ | NZX MidCap | Up to 0.75% |
| SmartFONZ | NZX 50 | Up to 0.90% |
| SmartMOZY | S&P/ASX MidCap 50 | Up to 0.90% |
| SmartOZZY | S&P/ASX 20 | Up to 0.60% |