They have low minimum investment amounts, … Sharesies, InvestNow and Smartshares are three well-known online platforms that aim to help Kiwis grow their wealth. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. This is the best way to increase the value of your investment. Sharesies isn’t for the short term. Sharesight tracks share prices, trades, dividends, performance & tax! 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. We compare the PlayStation 5 and Xbox Series X, including specs, design, controllers and games. Sign up. Smartshares - these are a sharemarket or equity investment. 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. When he’s not staring at his computer, you can usually find him exploring the great outdoors. 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. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Over 100 managed funds from a number of NZ and global fund providers. Which means that there are now over 60 US Vanguard funds available on their platform. In short, it’s a “set and forget” offering based on the rationale being that market investment always beats a fund manager in the long term with the risks being relatively low and the returns seen to be reliable. With Hatch, you can back anything from clean energy and cannabis, to gender equality and the gig economy. The US 500 fund is an example of that. This means you can buy 1 cent of an A2 Milk share or Air New Zealand share. To put my money where my mouth is, over 90% of my investment are in ETF and Index Fund. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. 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. ( https://www.smartshares.co.nz ). People have invested $7 million through Sharesies since its beta version launched in June. Here’s how you can buy shares in it from New Zealand. Want to compare Sharesies with Hatch and Stake for US Shares? While we are independent, we may receive compensation from our partners for featured placement of their products or services. Sharesies vs InvestNow vs Smartshares: Available markets, Data indicated here is updated Subscription fees for Kids accounts (children under 18) are half-price. InvestNow is an online investment platform based in Wellington. While we receive compensation when you click links to partners, they do not influence our content. This guide features a Sharesies vs InvestNow vs Smartshares comparison. ... Paying off debt vs investment. To gain exposure to NZ shares on InvestNow or Smartshares, you’ll need to consider a managed fund or ETF. Sharesies allows people with a minimum of $5 to invest to put their money into Smartshares exchange-traded funds. However, an annual $30 subscription fee applies, whereas members of. You get up to date data that tells you details like increases or decreases in value from the previous day and monthly returns. The, platform is a product of a startup incubator. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Sharesies fund takes 11 years to get to an annual cost of investing of below 0.7%. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. It's quick to sign up. 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. What does the future hold for investments? InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. 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. China, ... a platform offering around 120 funds, and Sharesies, a platform offering around 40 funds. Great for beginner to start because of low entry requirement. Other funds invest in 500 or more companies, meaning you are well diversified. 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. However, there are other easy-to-use share-trading platforms, such as Stake, that let you buy US shares from New Zealand. Sharesies promotes two funds which are socially responsible – the Global Responsibility Fund and the Global Water Fund. The 35+ funds each offer a unique investment strategy. Sharesies may not be for everyone. Overtaking the InvestNow FNZ fund at around the $15,000 mark. An index fund operates no matter the state of the markets, so as markets overall go up your investment is worth more, and vice versa. There is no subscription fee for anyone with a portfolio balance below $50. NZ shares: Sharesies vs InvestNow vs Smartshares. ANZ offers six KiwiSaver plans and a handy Lifetime Option for investors. All international Sharesies funds are 100% hedged to the New Zealand dollar. Sharesies offers many funds which are also offered by. N/A (although there is a $250 minimum investment). Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. Our values statement is simple: MoneyHub exists to give every New Zealander the information they need to make better financial decisions. This vacation-rental giant is now publicly trading. Certain funds not marked as “sustainable” may make investments in companies trading in weapons, tobacco, nuclear and other “unethical” business. 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. We like the Pathfinder funds as alternatives for socially-minded savers, but the Smartshares offering now includes a number of sustainable funds. Hi guys, Looking to start investing but there are soo many apps and platforms in NZ alone! Want to know how to trade or invest in the NZX? Annual management fees are charged as a percentage of your total investment, but the percentage amount varies depending on the ETF. Nine of these funds are operated by SmartShares, an index fund manager owned by the NZX. Many of the shares your fund invests in will pay dividends. Back the companies you believe in. Sharesies and Smartshares both allow you to invest in ETFs. Here’s everything we know so far about the Roblox Corporation IPO. Launched in March 2017, it provides access to over 140 managed funds and a range of bank term deposits. Sharesies vs. Smartshares vs. Hatch. Launched in June 2017, Sharesies is an online investment platform that provides investors with access to over 3,000 companies and funds in NZ and the US. Fee amounts and pricing structures vary depending on the platform you choose. In practice, an investor could purchase a fraction of every share on the NZX for less than $2 (including transaction fees), signalling just how cost-effective the transaction costs are. SmartShares vs SuperLife vs Simplicity vs InvestNow. Index funds historically outperform managed funds. 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. Sharesies. As is the case with any index fund or equities investments, markets go up and down. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. 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. 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. These cash payments represent the profits from companies returning it to the shareholders, i.e. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. With the ability to invest in any NZX-listed company, and the array of index funds offered, there is significant choice for most investors. Our, Want to compare ETFs with shares? Direct from a fund manager. The three Pathfinder funds offer socially responsible investment for as little as 1 cent, unobtainable for less than $5,000 before Sharesies. Some of the ETF issuers are (click each o… 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. 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. 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. In this video I'll be looking at the two main DIY investing platforms in New Zealand, Sharesies and Investnow. However, other platforms can be cheaper and don't charge such fees. We update our data regularly, but information can change between updates. 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. Sharesies is a great advancement for New Zealanders of all ages looking at an affordable way to enter the sharemarket locally (and overseas) without their investment being eaten up in brokerage fees. For this reason, only specified socially responsible funds are indeed suited to certain socially-minded investors. For one- the management fee is not clearly stated when you search for a Vanguard ETF. The Dotcom bubble in the early 2000s sank global indexes, as did the 2008 Global Financial Crisis. Share brokerage fees also apply, as do management fees when you invest in an ETF or managed fund. In addition to the Sharesies subscription platform fees, there are annual fund fees (which vary depending on the funds - if any - you invest in). Sharesies only has two other funds available in addition to the Smartshares ones, while Invest Now has 73. We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. Enough already, let us move on. … Hatch gives Kiwis easy access to the United States sharemarket, and with this access comes the opportunity to invest in 754different US domiciled ETFs!!! ​Our priority is accurate information. 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. 0.5% transaction fee for orders up to $3,000, An additional 0.1% fee for amounts above $3,000, ETFs that invest in NZ, Australian, US or international shares, ETFs that track the performance of a specific index, such as the NZX 50 or the ASX 200, Environmental, Social and Governance (ESG) shares. We’ll look at the fees, features and available markets each provider offers to help you find the right investment service for your needs. If you are unsure you should get independent advice before you apply for any product or commit to any plan. This means there is no annual fee to hold Smartshares (Simplicity and Sharesies both charge $30 per year on top of their fund management fees - the $30 Smartshares establishment fee is a one-off). Therefore SmartShares contribution the cheapest option for US500 ETF investing. As an alternative. The great thing with sharesies is that it gives you access to buy investments from as little as $5 (compared with InvestNow’s $250 minimum, or $50 when recurring). 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? But the new NZG fund for InvestNow and Smartshares proves cheaper than Simplicity. Simplicity is better than Superlife and Sharesies, as well as the SMartshares FNZ fund, for amounts of more than $3,000. NASDAQ, NYSE, BATS, Chicago Stock Exchange, and more. Understandably, as balances increase, the annual fee as a percentage of investment balance falls. Sharesies vs InvestNow vs Smartshares: How much does it cost to invest? InvestNow, Smartshares and Simplicity are now able to enter the championship ring. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. There’s a key question you’ll need to consider when choosing an investing platform: What fees does the provider charge? Sharesies charges a 0.4% currency conversion fee, while the following transaction fees apply in USD: InvestNow and Smartshares don’t allow you to buy shares in US companies directly, but they do offer exposure to US stocks through managed funds and ETFs, respectively. 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). Your simple guide to the S&P/ASX 200, how it works, and how to invest in this benchmark index from NZ. Simplicity and Smartshares both offer ETF-based investments. This means that even if we’ve only received a 1% dividend for the year, we pay tax as if we had received 5%. You set the amount you want to invest/pay, the frequency (i.e. Its purpose has been to make investing obtainable for young people. Subsequent investments have no fee applied. Through Sharesies you can buy and sell shares in over 2,300 US companies listed on the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). Sharesies provides access to over 30 ETFs on the NZX, as well as ETFs from the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. To buy US shares, you’ll need to convert your NZ dollars into US dollars. All indexes are now at record highs, but this is no guarantee of future earnings. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. weekly, monthly) and then the start date. Interactive Brokers offers some of the lowest brokerage fees on the market, but there are caveats you need to be wary of. I've made a table to compare four investment service in NZ. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. And because it also offers access to ETFs and managed funds, Sharesies wins points for offering potential diversification. 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 platform's low transaction fees for NZX share purchases is game-changing. The Smartshares range of ETFs includes socially responsible international equity exposure, access to Robotics & Automation and Healthcare Innovation ‘megatrends’, and passive global bonds. 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) While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. You can trade shares in more than 165 companies and ETFs listed on the New Zealand Stock Exchange (NZX), including well-known names like Spark and The A2 Milk Company. It created New Zealand’s first ETF in 1996 and is headquartered in Auckland. 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. Our dedicated, Want to know about ethical investing and the opportunities available? Finder is committed to editorial independence. We’ll take an in-depth look at which provider offers what a little further down the page. Types of Funds. 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. We welcome your stories, tips and any feedback via. 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). The two other funds offered by Sharesies are run by Pathfinder, a fund manager which specializes in socially responsible funds. 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. Sharesies, InvestNow and Smartshares all have their strengths and weaknesses. For example, if you receive a $100 dividend and the ETF is currently priced at $2.00, your ETF will buy 50 more Sharesies on your behalf. Invest in more than 3,500 US companies and exchange-traded funds (ETFs). Fund Platforms are a good option for everyone – both beginners and experts – as they allow you to invest in lots of different funds under one roof. you. We may also receive compensation if you click on certain links posted on our site. Put your money where your heart is. 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. 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. It’s made very user-friendly for beginner investors. 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. I'll be comparing them in terms of:1. Who will win in the PS5 vs XSX video game console war? Optional, only if you want us to follow up with you. The annual subscription fees ($30/year) are the highest for small investors which may discourage some to join, especially when InvestNow and Smartshares offer the same funds without a subscription fee. For a quick breakdown, check out the table below. For example, the NZ Top 50 Sharesies fund invests in the 50 largest New Zealand listed companies, so you are well diversified. The other funds contain New Zealand and overseas heavyweights, including defence/arms manufacturers and oil drillers. Invest in environmentally and socially responsible global equities, megatrends and passive global bonds for the first time with Smartshares. In a nutshell, Sharesies is the most expensive platform in its class for small investors. 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). From August 2020, Sharesies now offers US stocks and ETFs. Smartshares Exchange Traded Funds – read our Investment Statement and learn more about our products. We may receive compensation from our partners for placement of their products or services. Our. When a company declares a dividend, your fund will receive money and buy more shares in the ETF with the dividend received. The underlying investment funds offer diversity in the sharemarket (both in New Zealand and overseas) without significant risk. 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. There are now more than 60,000 New Zealanders invested in Smartshares, either directly or via its SuperLife KiwiSaver business, or through financial advisers and investment platforms, Sharesies and Invest Now. Friday, October 27th 2017, 12:44PM. Sharesies is a good initiative for new and/or small investors looking for affordable exposure to local and global sharemarkets without the need to dig deep. Examples are the Smartshares US 500 ETF (investing in the United States), Smartshares Emerging Markets ETF (investing in emerging markets e.g. I am noticing that there is a cohort of investors frantically rushing to invest in shares to “make the most” of this current crisis. Who is the company behind it? There’s no joining fee, meaning every dollar you invest goes directly to your Smartshares holdings. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. Wholly owned by NZX, Smartshares provides access to dozens of ETFs. 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. We may also receive compensation if you click on certain links posted on our site. 10 Top Investments for Young New Zealanders, Investing in the US Stock Market from New Zealand, Barefoot Investor-Friendly Financial Products in New Zealand. Both platforms make their money by charging fund managers for hosting their funds. The only fees they will pay are those set by the funds in which they invest. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. Management fees are built into the price of ETFs and managed funds and are charged by the fund manager Sharesies partners with. The process is fairly quick; you'll need a form of ID (New Zealand driver licence or New Zealand passport) and your IRD number. Sharesies is another popular option for New Zealand investors and is aimed at young people. It takes about ten minutes via their online form and payment options are made clear during the process. ... (e.g. ​We cannot accept liability for any decision made based on our information. Learn how we maintain accuracy on our site. You should also be aware of the 0.4% exchange fee when you convert NZD to USD. Sharesies and Smartshares both allow you to invest in ETFs. The fees for these Vanguard ETFs are not as transparent as the Smartshares funds on Sharesies. Founder Brooke Anderson said Sharesies was a wealth development platform, not a wealth management one. Given the low fees an index fund charges and the reliability in outperforming active funds, it's a relatively conservative approach to investment for your retirement. While most funds are free to buy and sell, to get the most out of index funds you’re looking at a 5-10 year investment plan. Sharesies offers a great number of funds for a new investor - the 35+ currently available offer diversity and won't overwhelm the investor looking for the most suitable fund. Confirm details with the provider you're interested in before making a decision. Here’s everything we know so far about the Innoviz Technologies IPO. Because of this, we’re required to pay 28% tax on a deemed dividend of 5%. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. The Wellington-based platform offers investment into over 170 NZX-listed companies and 35+ managed funds, with subscription fees starting at $1.50 per month for balances over $50. 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. Sharesies' auto-invest feature offers four options: With the Sharesies app in beta mode, you can get a lot of data about your investment every time you log in. Meanwhile, Smartshares also offers access to a wide range of 35 ETFs. So basically Superlife got the most function and investment option. 35 ETFs across NZ, Australia and global stock exchanges. US 500 ETF at low contribution 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). Leading online share portfolio tracker & reporting tool for New Zealand investors. For investing in New Zealand index funds, you can buy and sell Smartshares directly with. 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. Index Funds, ETF, SmartShares, Sharesies, Hatch, Investment There has been a sudden interest in the share market and it has me worried. While we receive compensation when you click links to … 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. Check out the table below to find how much it costs to invest with Sharesies vs InvestNow vs Smartshares. 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. This means that if our dollar rises against any overseas currency your Sharesies has investments in, the value of the overseas investment does not reduce due to the hedging in place. thesmartandlazy.com ETF and Index Fund are simple, low-cost and diversified investment option with a positive result in the long term. Here is the table. Too many New Zealanders were priced out of investing, she said. 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 endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. However the benefits are numerous, including easy-to-track apps, a community focused on investor educations, and continuous roll-out of new features. Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. If you’re doing a Sharesies vs InvestNow comparison, you’ll be interested to learn that both providers provide access to managed funds. If you’re looking to trade US stocks from NZ, the most direct way of these to do so is via Sharesies. Some are low risk, some a medium risk and some are high risk. The returns/profit you make don’t necessarily depend on the risk you take. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. Sharesies has grown to. NZX Funds Management own and run Smartshares. To explain a bit more, Sharesies users are given the opportunity to invest in eleven funds – each one a different risk profile. The company is a business owned by NZX - the company which runs the … They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. With regards to user experience, Sharesies makes logging in seamless. They are funds that hold shares in lots of companies, so I think of them as being in the first category. Compare Sharesies, InvestNow and Smartshares with other online investing services to find the best platform for your needs. 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. 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