MoneyHub NZ
  • Investing & Saving
    • Reviews >
      • Sharesies Review
      • InvestNow Review
      • Hatch Review
      • Stake Review
      • ASB Securities Review
      • Direct Broking Review
      • Interactive Brokers
      • Simplicity Investment Funds Review
      • Bonus Bonds Review
      • Squirrel Money Review
      • Smartshares Review
      • Sharesight Review
      • Lending Crowd Review
      • Lifetime Retirement Income
      • Kernel Review
    • Guides >
      • Investing Guide
      • Investments You Can Own Forever
      • How to Invest in Shares
      • Passive Income Strategies
      • Best Investment Apps
      • 10 Top Investments for Young New Zealanders
      • Exchange Traded Funds
      • Shares vs ETFs
      • Index Funds vs ETFs
      • Ethical Investing
      • Dollar-Cost Averaging Guide
      • Stocks and Shares Trading Games
      • Forex Trading Guide
      • NZX in a Nutshell
      • Managed Funds
      • Investing in Bonds
      • Investing in the US Stock Market from New Zealand
      • Trading in a Nutshell
      • Peer to Peer Lending
      • Crowd Funding Guide
      • Barefoot Investor-Friendly Financial Products in New Zealand
      • Investing for Kids
      • What Happens If Your Investing Platform Shuts Down?
      • How to Read and Understand a Share Chart
      • Investing & Personal Finance Podcasts
      • How to Retire Early
      • Emergency Funds
      • UK Pension Transfer to New Zealand
    • Comparisons >
      • Sharesies vs Hatch vs Stake
      • Hatch vs Stake
      • Comparing Sharesies vs Investnow vs Hatch and more
      • Understand Gross vs Net
    • Best Term Deposits
    • Term Deposit Alternatives
    • 10 Ways to Invest in New Zealand
    • Index Funds
    • Financial Advisers >
      • Financial Advisers Auckland
    • Top 10 New Zealand Personal Finance Experts
    • Cryptocurrency >
      • How to Buy Bitcoin in New Zealand
      • Easy Crypto Review
  • Calculators
    • Mortgage Repayment Calculator
    • PAYE Income Tax Calculator
    • PAYE Tax Rates
    • Retirement Calculator New Zealand
    • Credit Card Interest Calculator
    • Savings Calculator
    • Term Deposit Calculator
    • Debt Consolidation Calculator
    • Personal Loan Calculator
    • Mortgage Calculator
    • Offset Mortgage Calculator
    • Net Worth Calculator
    • Million Dollar Calculator
    • Investment Calculator
    • Car Repayment Calculator
    • Compound Interest Calculator
    • Basis Points Calculator
    • Inflation Calculator
    • Interest Calculator
    • Boat Financing Calculator
    • Home Renovation Loan Calculator
    • Mortgage Overpayment Calculator
    • GST Calculator
    • BMI Calculator New Zealand
  • Loans & Finance
    • Reviews >
      • Harmoney Loans Review
      • Simplify Loans Review
      • Avanti Finance Review
      • GEM Visa Review
      • Onecard Visa Review
      • Purple Visa Review
      • Afterpay Review
      • Laybuy Review
      • Oxipay Review
      • Zip Review
      • Q Card & Q Mastercard Review
      • Moola Review
      • Save My Bacon Review
    • Guides >
      • Credit Score and Credit Check
      • Interest Rates Guide
      • Interest Rate Comparison
      • Reverse Mortgages
      • Harmoney vs Moola
      • Baycorp and Debt Collection
    • Personal Loans
    • Secured Loans
    • Car Finance
    • Bad Credit Car Loans
    • Debt Consolidation Loans
    • Car Dealership Finance vs Alternatives
    • Bad Credit Loans
    • Beneficiary Loans
    • Same Day Loans
    • Payday Loans
    • Low Income Loans
    • Cash Advance
    • Home Renovation Loans
  • Insurance
    • Car Insurance
    • House Insurance
    • House Insurance Calculator
    • Pet Insurance >
      • Cat and Dog Desexing
      • Pet Euthanasia
    • Life Insurance >
      • Life Insurance Calculator
    • Health Insurance
    • Income Protection Insurance
    • Mortgage Protection Insurance
    • Landlord Insurance
    • Contents Insurance
    • Home and Contents Insurance
    • Dental Insurance and Dentist Plans
    • Renters' Insurance
    • Phone Insurance
    • Funeral Insurance >
      • Funeral Costs
    • Insurance Excess
    • Motorbike Insurance
    • Insurance Brokers >
      • Trusted Insurance Brokers in Wellington
      • Trusted Insurance Brokers in Christchurch
    • Warehouse Money Review
    • Travel >
      • Travel Insurance
      • 1Cover Travel Insurance
      • AMI Travel Insurance
  • Credit Cards
    • Reviews >
      • TransferWise Debit Card Review
      • Flight Centre Mastercard Review
      • American Express Airpoints Platinum Review
      • American Express Credit Cards Review
    • Guides >
      • Credit Card Basics
      • Mastercard vs Visa
      • Credit Card Minimum Payments
      • Where is Amex Accepted?
    • Best Credit Cards
    • Our Favourite Cards
    • Balance Transfer Credit Cards
    • Free Credit Cards
    • Rewards and Cashback Credit Cards
    • Air New Zealand Credit Cards
    • Low Interest Credit Cards
    • Credit Cards for Bad Credit
    • Best Foreign Currency Debit & Credit Cards
    • Chargebacks (Credit and Debit Cards)
  • Bank Accounts
    • Best Bank Accounts
    • Best Savings Accounts
    • Best Debit Cards
    • Cut Overdraft Costs
    • Best Bank Accounts for Kids
    • Open Banking Guide
    • International Money Transfers
    • NZ Bank Prefix Codes
    • Reviews >
      • Western Union Review
      • TransferWise International Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • NZCU South Review
      • The Co-operative Bank NZ Review
  • Mortgages
    • Guides >
      • Mortgage Options
      • Interest-Only Mortgages Guide
      • First Home Loan Guide
      • First Home Buyers Checklist
      • Pay Off Your Mortgage Faster
      • Mortgage Holiday Guide
      • New Zealand Property Types
      • Remortgaging Guide
      • Renting Directly to Tenants vs Using an Agent
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Offset Mortgages
    • Top 10 Home Loans
    • Low-Deposit Home Loans
    • Revolving Credit Mortgages
    • Rent to Own Homes
    • Investment Property Mortgages
    • How to Sell Your House Privately
    • Mortgage Brokers >
      • Trusted Mortgage Brokers in Auckland
      • Trusted Mortgage Brokers in Hamilton
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers in Christchurch
    • Calculators >
      • Interest-Only Mortgage Calculator
      • Amortisation Calculator
      • Mortgage Refinance Calculator
      • Fixed or Floating Mortgage Rate Calculator
      • How Much Can I Borrow?
  • KiwiSaver
    • Our Favourite KiwiSaver Funds
    • KiwiSaver Essentials >
      • Retirement in a Nutshell
      • Switching KiwiSaver Funds
      • KiwiSaver and Tax
      • KiwiSaver Withdrawal
      • Choosing Your KiwiSaver Provider
      • Opting out of KiwiSaver
      • KiwiSaver Calculator
      • What's My PIR?
      • Contributions >
        • How to Check Your KiwiSaver Contributions
        • KiwiSaver Contributions - Gross or Net?
        • Your KiwiSaver Contributions
        • Employer KiwiSaver Contributions
        • Government KiwiSaver Contributions
        • KiwiSaver Contributions Holiday
        • Voluntary Contributions
    • KiwiSaver Returns Calculator
    • Guides >
      • KiwiSaver Hardship Applications
      • Choosing a KiwiSaver Fund
      • KiwiSaver Guide
      • KiwiSaver for Kids
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver HomeStart Grant Guide
    • Schemes >
      • Amanah KiwiSaver Scheme
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
      • ASB KiwiSaver Scheme
      • AON KiwiSaver Scheme
      • BNZ KiwiSaver Scheme
      • Booster KiwiSaver Scheme
      • CareSaver KiwiSaver Review
      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • JUNO KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • Lifestages KiwiSaver Scheme
      • Kiwi Wealth KiwiSaver Scheme
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • Nikko AM KiwiSaver Scheme
      • Westpac KiwiSaver Scheme
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
  • Better Living
    • 20 Ways to Save LOTS on Household Bills
    • Home & Kitchen >
      • Best Vacuum Cleaners
      • Best Coffee Grinders
      • Best Waffle Makers
      • Best Air Purifiers
      • Best Dehumidifiers
      • Best Treadmills
      • Firewood >
        • Firewood Auckland
        • Firewood Wellington
        • Firewood Christchurch
        • Firewood Dunedin
      • Rubbish Removal Companies in Auckland
      • Trusted Lawn Mowing Services in Auckland
      • Auckland Pest Control
    • Make Money Online
    • Paid Survey Websites Review
    • Free Samples
    • Valued Opinions Review
    • Budgeting Apps
    • 50/30/20 Budget Calculator
    • Budget Planner
    • Single Parenting and Money
    • School Holiday Activities >
      • Auckland School Holiday Activities
      • Wellington School Holiday Activities
      • Christchurch School Holiday Activities
    • 65+ Best Online Shopping Websites in New Zealand
    • Shoe Size Conversion Guide
    • Affordable Online Clothes Shopping
    • Best Baby Clothes
    • Dress Size Conversion
    • New Zealand Fashion Designers
    • Buy Books Online
    • Black Friday New Zealand Deals
    • Daycare Checklist
    • How to Sell on Fiverr
    • Computer & Accessories >
      • Best Printers
      • Computer Desks
      • Auckland Computer Repair Experts
    • Lending Money to Friends & Family
    • Parking Tickets
    • Retirement Villages
    • Tax Refunds
    • Chimney Sweep Auckland
    • Blinds, Curtains and Drapes Auckland
    • Events >
      • Best Caterers >
        • Auckland Catering
        • Tauranga Catering
        • Hamilton Catering
        • Wellington Catering
        • Christchurch Catering
        • Dunedin Catering
        • Lower Hutt Catering
      • Weddings on a Budget
      • Wedding Budget Calculator
      • Auckland Wedding Car Hire
      • Auckland Wedding Photographers
      • Auckland Wedding Celebrant
      • Affordable Auckland Florists
      • Wedding Videographers Auckland
      • Wellington Wedding Photographers
      • Christchurch Wedding Photographers
      • Queenstown Wedding Photographers
    • Car & Motorbike >
      • Car Detailing >
        • Auckland ​Car Detailing
        • Hamilton ​Car Detailing
        • Tauranga ​Car Detailing
        • Wellington ​Car Detailing
        • Christchurch ​Car Detailing
        • Dunedin ​Car Detailing
      • Quality Tyres Auckland
      • Top Auckland Auto Electrical Specialists
      • Best Car Batteries
      • Best Electric Cars
      • Electric Scooters
      • Best Electric Bikes
    • Screen Printing Auckland
    • Online Business >
      • Social Media Influencer Marketing
      • Trusted Auckland SEO Companies
      • Auckland Graphic Design
    • Dry Cleaners Auckland
    • Window Tinting Auckland
    • Cabinet Makers Auckland
    • Naturopaths Auckland
    • Asbestos Removal Auckland
    • Makeup Artists Auckland
    • Dentists Auckland
    • Arborists Auckland
    • Auckland Security Systems
    • Podiatrists Auckland
    • Optometrists Auckland
    • Auckland Land Surveyors
    • Cleaners Auckland
    • Gutter Cleaning Auckland
    • Chiropractors Auckland
    • Fridge Repair Auckland
    • Auckland Landscapers
    • Pets >
      • Trusted Catteries >
        • Cattery Auckland
        • Cattery Hamilton
        • Cattery Tauranga
        • Cattery Wellington
        • Cattery Christchurch
      • Trusted Dog Boarding >
        • Dog Boarding Kennels Auckland
        • Dog Boarding Kennels Wellington
        • Dog Boarding Kennels Christchurch
      • Trusted Doggy Daycare Providers >
        • Dog Daycare Auckland
        • Dog Daycare Wellington
        • Dog Daycare Christchurch
      • Puppy Schools >
        • Puppy School & Dog Training Auckland
        • Puppy School & Dog Training Hamilton
        • Puppy School & Dog Training Wellington
        • Puppy School & Dog Training Christchurch
      • Trusted Dog Groomers >
        • Dog Grooming Auckland
        • Dog Grooming Wellington
        • Dog Grooming Christchurch
    • Renovations >
      • Trusted Auckland Painters
      • Trusted Auckland Electricians
      • Trusted Builders >
        • Trusted Auckland Builder
        • Trusted Builders in Tauranga
        • Trusted Builders in Hamilton
        • Trusted Builders in Wellington
        • Trusted Builders in Christchurch
        • Trusted Builders in Dunedin
        • Trusted Builders in Lower Hutt
      • Plumbers >
        • Trusted Plumbers in Auckland
        • Trusted Plumbers in Hamilton
        • Trusted Plumbers in Tauranga
        • Trusted Plumbers in Wellington
        • Trusted Plumbers in Lower Hutt
        • Trusted Plumbers in Christchurch
        • Trusted Plumbers in Dunedin
      • Panelbeaters >
        • Trusted Panel Beaters in Auckland
        • Trusted Panel Beaters in Hamilton
        • Trusted Panel Beaters in Tauranga
        • Trusted Panel Beaters in Wellington
        • Trusted Panel Beaters in Lower Hutt
        • Trusted Panel Beaters in Christchurch
        • Trusted Panel Beaters in Dunedin
      • Building Inspectors >
        • Auckland Building Inspectors
        • Hamilton Building Inspectors
        • Tauranga Building Inspectors
        • Napier and Hastings Building Inspectors
        • Wellington Building Inspectors
        • Christchurch Building Inspectors
        • Dunedin Building Inspectors
      • Auckland Glazier
      • Garage Door Repairs Auckland
      • Auckland Flooring
      • Best Auckland Locksmiths
      • Concreters Auckland
      • Auckland Scaffolding Companies
      • Bathroom Renovations Guide >
        • Bathroom Renovations Auckland
      • Auckland Roofing
      • Auckland Solar Panels
    • The Complete Guide to Renting in New Zealand
    • Heat Pump Experts >
      • Heat Pumps Auckland
      • Heat Pumps Tauranga
      • Heat Pumps Hamilton
      • Heat Pumps Napier and Hastings
      • Heat Pumps Wellington
      • Heat Pumps Christchurch
      • Heat Pumps Dunedin
    • Trade Me Selling Tips
    • Prezzy Cards
    • Food >
      • Christmas Club >
        • New World Christmas Club Review
        • PAK'nSAVE Christmas Club Review
        • Countdown Christmas Club Vouchers
      • Coupons & Deals >
        • Kids Eat Free
        • Domino's Coupons
        • Pizza Hut Coupons
        • KFC Coupons
        • Burger King Coupons
        • McDonald's Coupons
        • BurgerFuel Vouchers
        • Hell Pizza Vouchers and Coupons
    • Health & Personal Care >
      • Teeth Whitening
      • Anti-Ageing Creams
      • Hair Straighteners
      • Sunscreen
      • Jenny Craig Review
      • Weight Watchers Review
    • Grammarly Review
    • Moving to New Zealand
    • Teaching Kids About Money
  • Business
    • 10 Money Saving Tips For Businesses
    • How to Start a Business in New Zealand
    • Reviews >
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Plain English Awards
    • Business Insurance
    • Public Liability Insurance
    • Business Credit Cards
    • Business Loans
    • Business Podcasts
    • Domain Names
    • Top Web Designers >
      • Auckland Web Designers
      • Hamilton Web Designers
      • Wellington Web Designers
      • Christchurch Web Designers
      • Tauranga Web Designers
      • Lower Hutt Web Designers
      • Dunedin Web Designers
    • Get Debtors to Pay Overdue Invoices
    • Calculators >
      • Business Loan Calculator
      • ROI Calculator
      • Percent Off Calculator
      • Profit Margin Calculator
      • Current Ratio Calculator
      • Quick Ratio Calculator
  • Work and Income
    • Navigating Work and Income Benefits
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • NZ Superannuation in a Nutshell >
      • Superannuation Rates 2021
    • Debt Help
    • Bankruptcy Guide
    • Government Departments Helping New Zealanders Directly
    • COVID-19 Help
    • Food Grants Guide
    • Food Banks Directory >
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
    • Free Money from the Government
  • Students
    • All About Money >
      • Money in a Nutshell for Teenagers
      • Student Bank Accounts
      • Student Loans
      • Student Money Tips
      • Smart Money Tips for Kids
    • Education >
      • Scholarships 2021
      • Year 13 Essential Checklist
      • Alternative Study Providers
      • What to Study in 2021
    • Jobs >
      • Student Jobs Guide
      • Student CV Template
      • Student Job Cover Letters
      • Student Job Interview Questions and Answers
    • Freebies for School Students
    • School Holidays NZ 2021
    • Public Holidays 2021 & 2022
  • Motoring
    • Buying a Used Car
    • 20 Ways to Make Driving Cheaper
    • AA Membership Review
    • Vehicle Leasing
    • Best Car Mechanics >
      • Best Auckland Car Mechanics
      • Best Car Mechanics in Hamilton
      • Best Car Mechanics in Tauranga
      • Best Car Mechanics in Wellington
      • Best Car Mechanics in Lower Hutt
      • Best Car Mechanics in Christchurch
      • Best Car Mechanics in Dunedin
    • Warrant of Fitness Guide >
      • Warrant of Fitness Auckland
      • Warrant of Fitness Hamilton
      • Warrant of Fitness Tauranga
      • Warrant of Fitness Lower Hutt
      • Warrant of Fitness Wellington
      • Warrant of Fitness Christchurch
      • Warrant of Fitness Dunedin
  • Wills and Trusts
    • Wills Guide
    • Prenuptial Agreements
    • Trusts Guide
    • Divorce Guide
    • Enduring Power of Attorney Guide
    • Living Wills Guide
  • Employment
    • CV Templates & Tips
    • Part-Time Jobs Guide
    • How to Get Promoted
    • Self-Employment Guide
    • Workplace Bullying
    • Side Hustles in New Zealand
    • Recruitment Agencies >
      • Recruitment Agencies Auckland
      • Recruitment Agencies Wellington
      • Recruitment Agencies Christchurch
  • Travel
    • Car Rental Hire
    • Auckland Airport Car Parking
    • First Table Guide
    • Cheap Domestic Flights
    • Queenstown Like a Local
    • Auckland Travel for Less
    • Hotel Booking Sites Compared
    • 100+ Free Things to do in Auckland
    • Layby Flights Guide
    • Travel Money Cards
    • Airbnb Refunds (Coronavirus)
    • Air New Zealand Refunds & Credits
    • Google Flights Guide
    • Skyscanner Guide
    • Air NZ Upgrade Guide
    • Currency Converter
    • No Nonsense Upgrade Guide
    • Air New Zealand Travel Tips
    • Airpoints Flexipay Guide
    • Qatar Airways Travel Tips
    • Foreign Currency Exchange >
      • Australian Dollars Exchange Rate
      • American Dollars Exchange Rate
      • British Pound Exchange Rate
      • Canadian Dollars Exchange Rate
      • Euro Exchange Rate
      • Fijian Dollars Exchange Rate
      • Hong Kong Dollar Exchange Rate
      • Korean Won Exchange Rate
      • Indian Rupee Exchange Rate
      • Japanese Yen Exchange Rate
      • Malaysian Ringgit Exchange Rate
      • South African Rand Exchange Rate
      • Singapore Dollars Exchange Rate
      • Thai Baht Exchange Rate
      • Chinese Yuan Exchange Rate
  • Entertainment
    • Netflix Review >
      • Best Netflix Movies
      • Best Netflix TV Shows
    • Amazon Prime Video Review >
      • Best Amazon Prime Movies
      • Best Amazon Prime TV Shows
    • Disney+ Review
  • Mobile Phones
    • Best iPhone Plans
    • Compare Mobile Plans
    • SIM Only Mobile Plans
    • Mobile Data Roaming
    • Spark Mobile Review
    • Vodafone Mobile Review
    • 2degrees Mobile Review
    • Best Power Banks
  • Health
    • Gym Memberships Guide >
      • Auckland Gym Memberships Guide
      • Hamilton Gym Memberships Guide
      • Tauranga Gym Memberships Guide
      • Wellington Gym Memberships Guide
      • Christchurch Gym Memberships Guide
      • Dunedin Gym Memberships Guide
    • Personal Trainers >
      • Personal Trainers Auckland
      • Personal Trainers Hamilton
      • Personal Trainers Tauranga
      • Personal Trainers Wellington
      • Personal Trainers Christchurch
      • Personal Trainers Dunedin
    • Acupuncture Auckland
  • Search MoneyHub

Smartshares Review - making sense of the NZX's index funds

smartshares
Updated 30 December 2020
Summary of Smartshares
  • Smartshares are 35 exchange traded funds (ETFs) offered by a company owned by the NZX.
  • The ETFs charge fees between 0.33% and 0.75% offer a choice as to where to invest - Kiwi companies, global companies, emerging markets, mining, property and bonds and government debt.
  • Fees in some funds may be cheaper if bought from other share investment platforms, especially anything investing in America so shopping around is key. 
  • The minimum investment is $500 if you invest directly with Smartshares, otherwise Sharesies offers Smartshares with a 1 cent minimum investment. 

New to the NZX? Our NZX in a Nutshell guide explains what you need to know about investing and trading. 
We are not a fan of high-fee managed fund – some institutions charge as much as 3% on your investment every year to look after your savings, while you take all the risk on what they invest in. In the last couple of years, index funds have become available to the average Kiwi investor. Despite offering low fees and managed fund-beating returns, little is known about index funds and even less invested in them by Kiwi investors. Smartshares offers 35 exchange traded funds, investing locally, in Australia and around the world in shares.

Our Review 
In this guide, we outline what Smartshares is, what funds and shares they offer to the Kiwi investor, what index funds are and how they're different to other funds, as well as looking at alternatives and the level of fees involved.
 
Please note: moneyhub is not a Financial Adviser, and this guide has been published to explain the investment fundamentals and outline the pros and cons of Smartshares as an investment option.


This Guide covers:
  • ​The Specs of Smartshares
  • Who is SmartShares Suited to?
  • 10 Things to Know
  • Our Conclusion​

Kernel investing in ETFs and index funds
Visit Kernel to learn more
Your consumer guide to Smartshares is sponsored by our friends at Kernel, a leading New Zealand-based index fund manager and investing platform.
  • If you're looking to invest in Smartshares, this guide helpfully takes you through the entire process of what you need to know.
  • Kernel is a passive alternative to ETFs, offering six index funds that aim to offer value and diversification. Our review explains more.
  • Kernel is 100% Kiwi owned and are committed to no-nonsense index funds with low, transparent fees.
  • Trusted by more than 1,000 Kiwis, Kernel offers easily accessible index fund investing.

First Steps - What is an "index fund"?
  • 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).
  • 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.
  • 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 judgements or research in order to make the investments.
  • 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.
  • 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.

How do index funds relate to Exchange Traded Funds?
  • Exchange Traded Funds (ETFs) are, in almost all cases, index funds, except investors buy and sell their holdings on a sharemarket. Smartshares offers New Zealand's most extensive selection of ETFs, but other investment platforms like Hatch, Stake and Sharesies offer US-listed ETFs. 
  • The price of an ETF goes up and down as the index it represents. 
  • Unlike index funds, buying and selling ETFs incurs a fee if the transaction takes place on the sharemarket. 
smartshares

The Specs of Smartshares

  • NZX, the New Zealand Stock Exchange owns Smartshares. Smartshares issues ETFs under a number of different names based on where and what they invest in. For example, New Zealand ETFs include the “NZ Top 50 (FNZ)”, “NZ Top 10 (TNZ)”, “NZ MID CAP (MDZ)” and “NZ Bond (NZB)”. These different funds invest in New Zealand companies of various sizes – for example, the NZ Top 10 (TNZ) ETF would include the 10 largest companies on the New Zealand sharemarket.
  • Smartshares also offers ETFs and index funds of overseas sharemarkets to New Zealand investors. These ETFs cover Australia, Europe, Asia Pacific, the USA, emerging markets and world markets. The most popular overseas ETF is the “US500 (USF)” which invests in the top 500 companies on American stock exchange. These are companies you know, like Coca-Cola, Walmart, Nike and Netflix.
  • SmartShares is not an investment service provider like Simplicity or Sharesies, it’s a retailer of ETFs only. Smartshares operates for the purpose of issuing ETFs for the New Zealand stock exchange and selling overseas ETFs.
  • Unlike Sharesies or Simplicity, a Smartshares investor won’t be able to log into their Smartshares account and track their specific investment. Smartshares a simply shares on the NZX that invest in a lot more companies according to their structure. Because of the low cost in doing this, the annual fee ranges from around 0.3% to 0.6% of the Smartshare price and paid directly to the administrator. Different funds have different fund charges, which we outline below.

If I buy a Smartshare, am I buying a share on the sharemarket?

The answer to this is yes. A Smartshare is a share investing in other shares. But it’s a share by nature. Your investment in Smartshares is as diversified as the number of companies included in the ETFs.

What Smartshares are offered, and what’s the difference?

Smartshares offers 35 Exchange Traded Funds to choose from with their own specific New Zealand and/or international holdings. Together, the 35 ETFs offered invest across New Zealand, Australia and a broad range of global stock exchanges. 

Smartshares offers a number of different ETFs. They are grouped into six categories:
  1. Core Series (the lowest cost range of ETFs)
  2. New Zealand Shares ETFs
  3. Australian Shares ETFs
  4. US Shares ETFs
  5. International Shares ETFs
  6. Bonds and Cash ETFs
  7. ESG Shares ETFs​​

Core Series ETFs

  1. S&P/NZX 50 ETF (NZG) - Annual fund fee: 0.20%. This fund invests in New Zealand companies listed on the S&P/NZX 50 Index, with companies such as Fisher & Paykal Healthcare and Spark being major holdings. 
  2. ​US 500 (USF) - Annual fund fee: 0.34%. This fund invests in the American S&P 500 index, which is America's largest 500 listed companies (for example, Apple, Alphabet and Coca-Cola).
  3. TOTAL WORLD NZD HEDGED (TWH) - Annual fund fee: 0.46%. This fund invests in large American and global companies via the Vanguard Total World Stock ETF, which is designed to track the return on the FTSE Global All Cap Index. The fund is 100% hedged to New Zealand dollars, so foreign exchange movements do not affect the value of the investment.
  4. Global Aggregate Bond ETF (AGG) - Annual fund fee: 0.46%. This fund invests in the iShares Core Global Aggregate Bond fund, which itself invents in top-rated global bonds. 
  5. S&P/ASX 200 ETF (AUS) - Annual fund fee: 0.30%. ETF is designed to track the return on the S&P/ASX 200 Index, which is made up on the 200 of the largest companies listed on the ASX.​
  6. ​TOTAL WORLD (TWF) - Annual fund fee: 0.56%. This fund invests in large American and global companies, such as Apple, Alphabet and Amazon.
  7. S&P/NZX NZ Government Bond ETF (NGB) - Annual fund fee: 0.30%. 
  8. NZ CASH (NZC) - Annual fund fee: 0.20%. This fund invests in term bank deposits within New Zealand.

New Zealand Shares ETFs

  1. NZ TOP 50 (FNZ) - Annual fund fee: 0.50%. This fund invests in the 50 largest companies on the New Zealand sharemarket (for example, Spark, Auckland Airport and Fletcher Building). 
  2. NZ TOP 10 (TNZ) - Annual fund fee: 0.60%. This fund invests in the 10 largest listed New Zealand companies (for example, Fletcher Building, Sky City and Trade Me)
  3. NZ MID CAP (MDZ) - Annual fund fee: 0.60%. This fund invests in mid-sized New Zealand companies such as A2 Milk, Air New Zealand and Chorus.
  4. NZ DIVIDEND (DIV) - Annual fund fee: 0.54%. This fund invests in New Zealand's top 25 dividend paying companies, such as Meridian Energy, Spark and Contact Energy. Such companies are highly profitable and return dividends as a priority over growth. 
  5. NZ PROPERTY (NPF) - Annual fund fee: 0.54%. This fund invests in New Zealand companies that own commercial property, including Goodman Property, Kiwi Property and Precinct Property. 
  6. S&P/NZX 50 ETF (NZG) - Annual fund fee: 0.20%. This fund invests in New Zealand companies listed on the S&P/NZX 50 Index, with companies such as Fisher & Paykal Healthcare and Spark being major holdings. 

Australian Shares ETFs

  1. AUS TOP 20 (OZY) - Annual fund fee: 0.60%. This fund invests in the 20 largest listed Australian companies (for example, Westpac, Commonwealth Bank and Telstra)
  2. AUS MID CAP (MZY) - Annual fund fee: 0.75%. This fund invests in mid-sized Australian companies such as Seek, Bluescope Steel and Bank of Queensland. ​
  3. AUS DIVIDEND (ASD) - Annual fund fee: 0.54%. This fund invests in Australia's top 50 dividend paying companies, such as Rio Tinto, Wesfarmers and Westpac. Such companies are highly profitable and return dividends as a priority over growth. 
  4. S&P/ASX 200 ETF (AUS) - Annual fund fee: 0.30%. ETF is designed to track the return on the S&P/ASX 200 Index, which is made up on the 200 of the largest companies listed on the ASX.​
  5. AUS PROPERTY (ASP) - Annual fund fee: 0.54%. This fund invests in Australian companies that own commercial property. 
  6. AUS RESOURCES (ASR) - Annual fund fee: 0.54%. This fund invests in Australian companies operating in the energy sector or the metals and mining industry. Companies include BHP, Rio Tinto and Santos. 
  7. AUS FINANCIALS (ASF) - Annual fund fee: 0.54%. This fund invests primarily in shares in Australian banks and insurance companies. 

US Shares ETFs

  • ​US 500 (USF) - Annual fund fee: 0.34%. This fund invests in the American S&P 500 index, which is America's largest 500 listed companies (for example, Apple, Alphabet and Coca-Cola)
  • US LARGE VALUE (USV) - Annual fund fee: 0.51%. This fund invests in large American companies - the more market value, the higher the percentage of investment. 
  • US MID CAP (USM) - Annual fund fee: 0.51%. This fund invests in mid-sized American companies. 
  • US LARGE GROWTH (USG) - Annual fund fee: 0.51%. This fund invests in growth shares in America, often shares with low dividends and potential for higher future profits. 
  • US SMALL CAP (USS) - Annual fund fee: 0.51%. This fund invests in small-sized American companies.

International Shares ETFs

  1. EUROPE (EUF) - Annual fund fee: 0.55%. This fund invests in Europe's largest companies listed all over the EU and the UK, including Nestle, British American Tobacco and HSBC. 
  2. ASIA PACIFIC (APA) - Annual fund fee: 0.55%. This fund invests in Asia and Australia's largest companies, including Samsung, Westpac and AIA Group. 
  3. TOTAL WORLD NZD HEDGED (TWH) - Annual fund fee: 0.46%. This fund invests in large American and global companies via the Vanguard Total World Stock ETF, which is designed to track the return on the FTSE Global All Cap Index. The fund is 100% hedged to New Zealand dollars, so foreign exchange movements do not affect the value of the investment.
  4. EMERGING MARKETS (EMF) - Annual fund fee: 0.59%. This fund invests in companies in emerging countries such as  China, Brazil, Taiwan and South Africa.
  5. TOTAL WORLD (TWF) - Annual fund fee: 0.56%. This fund invests in large American and global companies, such as Apple, Alphabet and Amazon.

Bonds and Cash ETFs

  1. NZ BOND (NZB) - Annual fund fee: 0.54%. This fund invests in New Zealand issued corporate and government bonds, i.e. investments which give a fixed percentage of interest. 
  2. NZ CASH (NZC) - Annual fund fee: 0.20%. This fund invests in term bank deposits within New Zealand.
  3. GLOBAL BOND (GBF) - Annual fund fee: 0.54%. This fund invests in corporate and government bonds globally. 

ESG Shares ETFs ​​

All the below funds avoid investing in companies involved in controversial weapons, civilian firearms, nuclear weapons, thermal coal, nuclear power, tobacco, oil sands, companies that have failed UN Global Compact rulings.
  1. Emerging Markets Equities ESG ETF (EMG) - Annual fund fee: ​0.59%. This fund invests in countries like China, Mexico and South Africa, with exposure to over 2,500 large, mid and small-cap companies.
  2. Europe Equities ESG ETF (EUG) - Annual fund fee: 0.55%. This fund invests in a broad range of European companies.
  3. Global Equities ESG ETF (ESG) - Annual fund fee: 0.54%. This fund invests in a wide range of global companies within 23 developed countries.
  4. Japan Equities ESG ETF (JPN) - Annual fund fee: 0.55%. This fund invests in a broad range of Japanese companies.
  5. US Equities ESG ETF (USA) - Annual fund fee: 0.34%. This fund invests in a broad range of American companies.
Know this: Hedging
Some Smartshare ETFs are hedged, while others are not. For any ETF that is hedged, in the instance of the NZ Dollar rising against any overseas currency, the value of the overseas investment is not diminished. Hedging eliminates exchange rate movements as an investment risk. 
 
The minimum Initial Investment: $500 for each Smartshare, but you can own a fractional number of any Smartshares (i.e. invest $500 which amounts 142.8 shares in the "Smartshares Australian Top 20 ETF" if the current price is $3.50). 
 
Smartshares' investment products include:
  • Cash (i.e. bank deposits in New Zealand banks)
  • New Zealand Fixed Income (i.e. investments in government bonds or company debt)
  • New Zealand Shares (i.e. shares in Spark, Fletcher Building and Air New Zealand)
  • Australian Shares
  • International Fixed Income bonds and deposits
  • International Shares

Kernel investing in ETFs and index funds
Visit Kernel to learn more
Your consumer guide to Smartshares is sponsored by our friends at Kernel, a leading New Zealand-based index fund manager and investing platform.
  • If you're looking to invest in Smartshares, this guide helpfully takes you through the entire process of what you need to know.
  • Kernel is a passive alternative to ETFs, offering six index funds that aim to offer value and diversification. Our review explains more.
  • Kernel is 100% Kiwi owned and are committed to no-nonsense index funds with low, transparent fees.
  • Trusted by more than 1,000 Kiwis, Kernel offers easily accessible index fund investing.
smartshares nzx

Who is SmartShares Suited to?

Best For: Long-term investors looking for stability and growth that is passive with low management fees. With Smartshares, you buy anticipating local and/or global markets to rise over time while being diversified enough to avoid losing money if one or two shares flounder.
Not suitable for: Investors looking to make individual investments in specific companies, or investors looking for short-term buying and selling. Index funds don’t move that much in the short term.
 
Standout Features:
  1. New Zealand’s largest range of ETFs, with management fees from just 0.20-0.75%
  2. There is a one-off $30 establishment fee, which enables investment in one or as many different shares as you wish. Subsequent investments have no fee applied. 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).
  3. There’s no joining fee, meaning every dollar you invest goes directly to your Smartshares holdings.
  4. The diverse number of funds means you can focus on particular industry sectors in specific countries, such as Australian property, New Zealand property and global emerging markets.
But be aware:
  1. But, investment allocation can be painfully slow meaning you have uncertainty over purchase price - it can take up to 43 days between buying Smartshares and having them allocated to your account. This is unhelpful for people wanting to have certainty or purchase price or move quickly on a market movement. We detail the mechanics of this in the Conclusion section. 
  2. Certain funds will make investments in companies trading in weapons, tobacco, nuclear and other “unethical” business. As of now, there are no "socially responsible" funds offered by Smartshares. 
  3. As with any investment, markets go up and down. The Dotcom bubble in the early 2000s sank global indexes, as did the 2008 Global Financial Crisis. All indexes are now at record highs, but this is no guarantee of future earnings.

​Want to know how to trade or invest in the NZX? Our NZX in a Nutshell guide explains what you need to know.
smartshares

SmartShares - What You Need to Know

Claims made by SmartShares
​

“With one simple purchase you get an investment in a range of securities, such as listed companies or government bonds, spreading your risk more broadly”.

Is it True?
Yes. Each fund invests in a specific group of securities, but there are enough investments to diversify your money so you’re not exposed too badly if one company doesn’t perform.
 
“The funds keep costs down because in most cases Smartshares does not need to make active investment decisions, which may require spending on research and analytical expertise”.

Is it True?
Yes, the nature of ETFs is passive, and no research and judgement is ever needed to make the investments. Smartshares invests exactly in what it says it will, and this doesn’t change.
 
“The funds enable you to build a global portfolio in NZD, without having to worry about the complexity of managing foreign currencies or overseas tax. Distributions are paid in NZD and automatically reinvested for you, unless you choose to receive them in cash”.

Is it True?
Yes. You only invest using New Zealand dollars – Smartshares does the work converting your money into local and international investments. Whatever dividends you receive will be invested into new units in your Smartshare, but you can choose to have the dividends paid in cash to your bank account.

The Competition – SmartShares vs InvestNow, Simplicity, Superlife and Sharesies

Smartshares, Simplicity and Sharesies are just some of the options for index fund investing. You can invest in local and foreign ETFs directly via major international players such as Vanguard, but for this review we only cover New Zealand-based index fund investment schemes outside of KiwiSaver.

Simplicity offers four index-based funds, with fees fixed at $30/year + 0.10% (NZ Bond Fund, NZ Share Fund) or 0.31% (Conservative Fund, Balanced Fund, Growth Fund) of the funds invested. The funds include a proportion of investments in cash and bonds, so they’re not 100% in shares.

​Superlife is a KiwiSaver scheme provider that offers the same funds as Smartshares – both brands are owned by the NZX. So, if you like Smartshares as a non-KiwiSaver investment, it could be suitable if you’re also in KiwiSaver. The latest data of its range of funds puts the annual management fee at 0.80 - 0.84% on a $10,000 investment.  
smartshares
What Others Are Saying
Mary Holm in the New Zealand Herald advised in 2016 that Smartshares were “an easy way to gain significant diversification with even very small balances…New Zealand's index funds are expensive compared with overseas, but still a great way to get good diversification with as little as $500, and they allow you to buy more with a regular deposit scheme from something like $20 per week”.
 
Personal Finance website goodreturns.co.nz investigated the platform in 2016, stating that “as the pioneer of ETFs in New Zealand, Smartshares is committed to developing a market that provides investors with a range of diverse, low-cost and easily accessible investment options”. It also stated that the “goal for Smartshares has been to develop building blocks that enable New Zealand investors to easily construct a personalised, low-cost, globally diversified portfolio”.

Stuff.co.nz published an article in 2016 claiming “New Zealanders are switching on to exchange-traded funds (ETFs) as a simple, cost-effective way to start investing in shares”, and that
“ETFs are very popular internationally but have been slow to catch on here”. The article went on to state that the most popular smartshare followed the NZX50.
 
Interest.co.nz published an opinion piece in 2015 stating “starting out with a simple investing product like NZX Smartshares, might be a great way to dip your toes in and see how it feels” before stating in late 2017 that “Smartshares cuts cost of investing in ETFs in drive to streamline investment process” after competition grew in the ETF sector from Sharesies and Investnow. 

The Bottom Line
  • Overall, Smartshares offers the most diverse number of ETFs in New Zealand with the lowest fees when compares to Sharesies, InvestNow and Simplicity. In addition to that, there are no joining fees, annual membership fees and you can invest in any fund with $500 or more. 
  • But, investment allocation can be painfully slow meaning you have uncertainty over the purchase price. All investments are only processed once a month, with the direct debit run on the 20th (or next business day if the 20th is a non-business day). Units are then purchased at the end of month NTA price and are allocated to the investors CSN on around the 3rd business day of the following month. For example, if you decide to purchase 1000 Smartshares on 25 January, your payment won't be taken until 20 February and your 1000 Smartshares won't be allocated until 3 March. In that time, you may miss opportunities in the market. Smartshares does advise that any investor can purchase Smartshares units on sharemarket by going through a broker. However, the broker will charge a brokerage fee. Using this method, you can get the same-day market price and have the units under your Customer Number two business days later.  Buying from a broker works well for people wanting to have certainty or purchase price or move quickly on a market movement
  • Certain funds appear on other platforms and may have cheaper management fees - if you are looking a particular index, it pays to shop around and compare fund fees if you're serious about a long-term investment.  
  • The underlying investment funds offer diversity in the sharemarket (both in New Zealand and overseas) without significant risk.
  • Smartshares may not appeal to everyone - if you’re fresh into investing, the 20+ funds may be overwhelming. We'd also like to see Smartshares classify its investments into risk categories (low, medium, high etc) as Sharesies has done to better explain them to inexperienced investors.

Limitations
  • Smartshares, like most managed funds, are not for the short term. While funds are free to buy and sell, to get the most out of index funds you’re realistically looking at a 5-10 year investment plan to maximise the return.
  • And, 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, Smartshares isn't the investment for you. 
smartshares

10 Things to Know About SmartShares

SmartShares Review NZ

Smartshares isn’t a KiwiSaver scheme, but you can invest in Smartshares via SuperLife

Smartshares owner NZX also owns SuperLife, and offers KiwiSavers the ability to pick the Smartshares’ portfolio of 35 ETFs as an investment option in as a KiwiSaver scheme. This scheme directly competes with Simplicity.
SmartShares Review NZ

You don’t need to buy Smartshares directly – they have a few investment partners who offer advice

Institutions like the ANZ Bank, Forsyth Barr, Craigs and the ASB Bank are some of many brokers you can contact to buy Smartshares from. They can offer personal advice as to the best investment options for your financial situation.
SmartShares Review NZ

Smartshares offer excellent investment diversification

An investment in one Smartshares 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. For example, the NZ Top 50 Smartshare invests in the 50 largest New Zealand listed companies, so you are well diversified. Other funds invest in 500 or more companies, meaning you are well diversified. 
SmartShares Review NZ

You can make regular payments from $50 a month

If you’d like to make regular contributions to savings outside of a KiwiSaver fund, Smartshares offers a regular savings plan requiring a minimum monthly contribution of $50. This offers a hassle-free way of saving with Smartshares converting money received into your chosen ETF.
SmartShares Review NZ

The performance of Smartshares is transparent

You can check the 1 month, 3 month, 1 year, 3 year and 5 year return on any Smartshare at any time by visiting the Smartshare investor report web page.  
SmartShares Review NZ

Dividends your fund(s) receive are reinvested, meaning more cash is invested on your behalf

Many of the shares your ETF invests in pay dividends. These cash payments represent the profits from companies returning it to the shareholders, i.e. you. When a company declares a dividend, your fund will receive money and buy more shares in the ETF with the funds. For example, if you receive a $100 dividend and the ETF is currently priced at $2.00, your ETF will buy 50 more Smartshares on your behalf. This is the best way to increase the value of your investment. 
SmartShares Review NZ

Smartshares offers a proven investment model by investing in index funds

Index funds historically outperform managed funds. According to Fortune Magazine, the S&P 500 (an American sharemarket index) outperformed more than 82% of all active funds over a 15-year period. 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.
SmartShares Review NZ

SmartShares isn't the only index fund on the market

Simplicity’s non KiwiSaver funds and Sharesies offer ETF-based investments. The fees vary, and as more entrants come to the market, we expect the fees charged to fall as competition heats up.
SmartShares Review NZ

Smartshares offers 0800 phone support – others don’t

Unlike Sharesies (email only) and Simplicity (email and callback only), Smartshares has a team for customer support. They don’t provide financial advice, but if having phone access is important then Smartshares beats the others hands down. 
SmartShares Review NZ

​Signing up isn't Complicated, but you’ll need to decide what fund(s) to invest in first

Making your initial investment in Smartshares is like ordering from a menu. You’ll need to decide your initial investment and if you want to make monthly contributions. Once you’ve picked the fund or funds you want to invest in and indicated any ongoing contributions you’d like, you'll need a form of ID (New Zealand driver licence or New Zealand passport) and your IRD number. It takes about ten minutes via their online form and payment options are made clear during the process. 

Conclusion

  • We like Smartshares' commitment to drop annual fees to $0 and reduce the minimum investment to $500 all while giving investors a good range of low management fees. 
  • The 20+ funds offer diversity - as index funds offered they protect an investor from being exposed if the wrong companies are picked and later get into trouble. 
  • For new investors looking to get into the sharemarket, either in New Zealand and/or overseas, Smartshares delivers an easy to use platform that makes growing a portfolio easy and cheap.

​Want to know how to trade or invest in the NZX? Our NZX in a Nutshell guide explains what you need to know.

Related Guides
  • ETFs
  • InvestNow Review
  • Sharesies Review
  • Kernel Review

Kernel investing in ETFs and index funds
Visit Kernel to learn more
Your consumer guide to Smartshares is sponsored by our friends at Kernel, a leading New Zealand-based index fund manager and investing platform.
  • If you're looking to invest in Smartshares, this guide helpfully takes you through the entire process of what you need to know.
  • Kernel is a passive alternative to ETFs, offering six index funds that aim to offer value and diversification. Our review explains more.
  • Kernel is 100% Kiwi owned and are committed to no-nonsense index funds with low, transparent fees.
  • Trusted by more than 1,000 Kiwis, Kernel offers easily accessible index fund investing.

Search MoneyHub.co.nz in seconds:

  • Read our Advertising Policy
  • Sign up to our newsletter
  • Calculate your PAYE After-Tax Income

How this website works
MoneyHub.co.nz was founded on the principles of honesty and transparency in reporting. For this reason, we believe in being completely upfront about how this website works, its strengths and its weaknesses.
​
MoneyHub.co.nz does not provide investment advice, financial services or any form of advisory. Our guides, resources and tools are presented without consideration of the financial circumstances of any specific user. 

Important: We may be compensated if you click on a link, but such links do not affect our findings. MoneyHub publishes guides based on facts and numbers, not incentives. Our advertising policy explains more.
  • We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. 
  • We can't guarantee everything contained on this website will be perfect - you use the information contained on our website and all social channels at your own risk.​
  • The information on this website does not constitute financial advice in any form.
  • ​Our priority is accurate information. 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 link to other websites throughout this website, but take no responsibility for the content they publish.
  • ​We cannot accept liability for any decision made based on our information.
  • We welcome your stories, tips and any feedback via [email protected]
Our values statement is simple: MoneyHub exists to give every New Zealander the information they need to make better financial decisions. 
​
Please read our full Terms & Conditions, About MoneyHub, Advertising Policy, Contact Us, Cookies & Data FAQs, Make a Complaint, Privacy Policy and Media and Press Information. 
fintechnz member
Picture
  • Investing & Saving
    • Reviews >
      • Sharesies Review
      • InvestNow Review
      • Hatch Review
      • Stake Review
      • ASB Securities Review
      • Direct Broking Review
      • Interactive Brokers
      • Simplicity Investment Funds Review
      • Bonus Bonds Review
      • Squirrel Money Review
      • Smartshares Review
      • Sharesight Review
      • Lending Crowd Review
      • Lifetime Retirement Income
      • Kernel Review
    • Guides >
      • Investing Guide
      • Investments You Can Own Forever
      • How to Invest in Shares
      • Passive Income Strategies
      • Best Investment Apps
      • 10 Top Investments for Young New Zealanders
      • Exchange Traded Funds
      • Shares vs ETFs
      • Index Funds vs ETFs
      • Ethical Investing
      • Dollar-Cost Averaging Guide
      • Stocks and Shares Trading Games
      • Forex Trading Guide
      • NZX in a Nutshell
      • Managed Funds
      • Investing in Bonds
      • Investing in the US Stock Market from New Zealand
      • Trading in a Nutshell
      • Peer to Peer Lending
      • Crowd Funding Guide
      • Barefoot Investor-Friendly Financial Products in New Zealand
      • Investing for Kids
      • What Happens If Your Investing Platform Shuts Down?
      • How to Read and Understand a Share Chart
      • Investing & Personal Finance Podcasts
      • How to Retire Early
      • Emergency Funds
      • UK Pension Transfer to New Zealand
    • Comparisons >
      • Sharesies vs Hatch vs Stake
      • Hatch vs Stake
      • Comparing Sharesies vs Investnow vs Hatch and more
      • Understand Gross vs Net
    • Best Term Deposits
    • Term Deposit Alternatives
    • 10 Ways to Invest in New Zealand
    • Index Funds
    • Financial Advisers >
      • Financial Advisers Auckland
    • Top 10 New Zealand Personal Finance Experts
    • Cryptocurrency >
      • How to Buy Bitcoin in New Zealand
      • Easy Crypto Review
  • Calculators
    • Mortgage Repayment Calculator
    • PAYE Income Tax Calculator
    • PAYE Tax Rates
    • Retirement Calculator New Zealand
    • Credit Card Interest Calculator
    • Savings Calculator
    • Term Deposit Calculator
    • Debt Consolidation Calculator
    • Personal Loan Calculator
    • Mortgage Calculator
    • Offset Mortgage Calculator
    • Net Worth Calculator
    • Million Dollar Calculator
    • Investment Calculator
    • Car Repayment Calculator
    • Compound Interest Calculator
    • Basis Points Calculator
    • Inflation Calculator
    • Interest Calculator
    • Boat Financing Calculator
    • Home Renovation Loan Calculator
    • Mortgage Overpayment Calculator
    • GST Calculator
    • BMI Calculator New Zealand
  • Loans & Finance
    • Reviews >
      • Harmoney Loans Review
      • Simplify Loans Review
      • Avanti Finance Review
      • GEM Visa Review
      • Onecard Visa Review
      • Purple Visa Review
      • Afterpay Review
      • Laybuy Review
      • Oxipay Review
      • Zip Review
      • Q Card & Q Mastercard Review
      • Moola Review
      • Save My Bacon Review
    • Guides >
      • Credit Score and Credit Check
      • Interest Rates Guide
      • Interest Rate Comparison
      • Reverse Mortgages
      • Harmoney vs Moola
      • Baycorp and Debt Collection
    • Personal Loans
    • Secured Loans
    • Car Finance
    • Bad Credit Car Loans
    • Debt Consolidation Loans
    • Car Dealership Finance vs Alternatives
    • Bad Credit Loans
    • Beneficiary Loans
    • Same Day Loans
    • Payday Loans
    • Low Income Loans
    • Cash Advance
    • Home Renovation Loans
  • Insurance
    • Car Insurance
    • House Insurance
    • House Insurance Calculator
    • Pet Insurance >
      • Cat and Dog Desexing
      • Pet Euthanasia
    • Life Insurance >
      • Life Insurance Calculator
    • Health Insurance
    • Income Protection Insurance
    • Mortgage Protection Insurance
    • Landlord Insurance
    • Contents Insurance
    • Home and Contents Insurance
    • Dental Insurance and Dentist Plans
    • Renters' Insurance
    • Phone Insurance
    • Funeral Insurance >
      • Funeral Costs
    • Insurance Excess
    • Motorbike Insurance
    • Insurance Brokers >
      • Trusted Insurance Brokers in Wellington
      • Trusted Insurance Brokers in Christchurch
    • Warehouse Money Review
    • Travel >
      • Travel Insurance
      • 1Cover Travel Insurance
      • AMI Travel Insurance
  • Credit Cards
    • Reviews >
      • TransferWise Debit Card Review
      • Flight Centre Mastercard Review
      • American Express Airpoints Platinum Review
      • American Express Credit Cards Review
    • Guides >
      • Credit Card Basics
      • Mastercard vs Visa
      • Credit Card Minimum Payments
      • Where is Amex Accepted?
    • Best Credit Cards
    • Our Favourite Cards
    • Balance Transfer Credit Cards
    • Free Credit Cards
    • Rewards and Cashback Credit Cards
    • Air New Zealand Credit Cards
    • Low Interest Credit Cards
    • Credit Cards for Bad Credit
    • Best Foreign Currency Debit & Credit Cards
    • Chargebacks (Credit and Debit Cards)
  • Bank Accounts
    • Best Bank Accounts
    • Best Savings Accounts
    • Best Debit Cards
    • Cut Overdraft Costs
    • Best Bank Accounts for Kids
    • Open Banking Guide
    • International Money Transfers
    • NZ Bank Prefix Codes
    • Reviews >
      • Western Union Review
      • TransferWise International Money Transfer Review
      • Heartland Bank Review
      • First Credit Union Review
      • NZCU Baywide Review
      • NZCU South Review
      • The Co-operative Bank NZ Review
  • Mortgages
    • Guides >
      • Mortgage Options
      • Interest-Only Mortgages Guide
      • First Home Loan Guide
      • First Home Buyers Checklist
      • Pay Off Your Mortgage Faster
      • Mortgage Holiday Guide
      • New Zealand Property Types
      • Remortgaging Guide
      • Renting Directly to Tenants vs Using an Agent
      • Rateable Value vs Market Value
      • Leasehold Property Guide
      • Offset Mortgages
    • Top 10 Home Loans
    • Low-Deposit Home Loans
    • Revolving Credit Mortgages
    • Rent to Own Homes
    • Investment Property Mortgages
    • How to Sell Your House Privately
    • Mortgage Brokers >
      • Trusted Mortgage Brokers in Auckland
      • Trusted Mortgage Brokers in Hamilton
      • Trusted Mortgage Brokers in Tauranga
      • Trusted Mortgage Brokers in Napier and Hastings
      • Trusted Mortgage Brokers in Wellington
      • Trusted Mortgage Brokers in Christchurch
    • Calculators >
      • Interest-Only Mortgage Calculator
      • Amortisation Calculator
      • Mortgage Refinance Calculator
      • Fixed or Floating Mortgage Rate Calculator
      • How Much Can I Borrow?
  • KiwiSaver
    • Our Favourite KiwiSaver Funds
    • KiwiSaver Essentials >
      • Retirement in a Nutshell
      • Switching KiwiSaver Funds
      • KiwiSaver and Tax
      • KiwiSaver Withdrawal
      • Choosing Your KiwiSaver Provider
      • Opting out of KiwiSaver
      • KiwiSaver Calculator
      • What's My PIR?
      • Contributions >
        • How to Check Your KiwiSaver Contributions
        • KiwiSaver Contributions - Gross or Net?
        • Your KiwiSaver Contributions
        • Employer KiwiSaver Contributions
        • Government KiwiSaver Contributions
        • KiwiSaver Contributions Holiday
        • Voluntary Contributions
    • KiwiSaver Returns Calculator
    • Guides >
      • KiwiSaver Hardship Applications
      • Choosing a KiwiSaver Fund
      • KiwiSaver Guide
      • KiwiSaver for Kids
      • KiwiSaver First-Home Withdrawal
      • KiwiSaver HomeStart Grant Guide
    • Schemes >
      • Amanah KiwiSaver Scheme
      • AMP KiwiSaver Scheme
      • ANZ KiwiSaver Scheme
      • ASB KiwiSaver Scheme
      • AON KiwiSaver Scheme
      • BNZ KiwiSaver Scheme
      • Booster KiwiSaver Scheme
      • CareSaver KiwiSaver Review
      • Fisher Funds KiwiSaver Scheme
      • Generate KiwiSaver Scheme
      • JUNO KiwiSaver Scheme
      • kōura Wealth KiwiSaver Review
      • Lifestages KiwiSaver Scheme
      • Kiwi Wealth KiwiSaver Scheme
      • Mercer KiwiSaver Scheme
      • Milford KiwiSaver Plan
      • New Zealand Defence Force KiwiSaver Scheme
      • Nikko AM KiwiSaver Scheme
      • Westpac KiwiSaver Scheme
      • QuayStreet KiwiSaver Scheme
      • Simplicity KiwiSaver Review
      • Summer KiwiSaver Scheme
      • SuperLife Review
  • Better Living
    • 20 Ways to Save LOTS on Household Bills
    • Home & Kitchen >
      • Best Vacuum Cleaners
      • Best Coffee Grinders
      • Best Waffle Makers
      • Best Air Purifiers
      • Best Dehumidifiers
      • Best Treadmills
      • Firewood >
        • Firewood Auckland
        • Firewood Wellington
        • Firewood Christchurch
        • Firewood Dunedin
      • Rubbish Removal Companies in Auckland
      • Trusted Lawn Mowing Services in Auckland
      • Auckland Pest Control
    • Make Money Online
    • Paid Survey Websites Review
    • Free Samples
    • Valued Opinions Review
    • Budgeting Apps
    • 50/30/20 Budget Calculator
    • Budget Planner
    • Single Parenting and Money
    • School Holiday Activities >
      • Auckland School Holiday Activities
      • Wellington School Holiday Activities
      • Christchurch School Holiday Activities
    • 65+ Best Online Shopping Websites in New Zealand
    • Shoe Size Conversion Guide
    • Affordable Online Clothes Shopping
    • Best Baby Clothes
    • Dress Size Conversion
    • New Zealand Fashion Designers
    • Buy Books Online
    • Black Friday New Zealand Deals
    • Daycare Checklist
    • How to Sell on Fiverr
    • Computer & Accessories >
      • Best Printers
      • Computer Desks
      • Auckland Computer Repair Experts
    • Lending Money to Friends & Family
    • Parking Tickets
    • Retirement Villages
    • Tax Refunds
    • Chimney Sweep Auckland
    • Blinds, Curtains and Drapes Auckland
    • Events >
      • Best Caterers >
        • Auckland Catering
        • Tauranga Catering
        • Hamilton Catering
        • Wellington Catering
        • Christchurch Catering
        • Dunedin Catering
        • Lower Hutt Catering
      • Weddings on a Budget
      • Wedding Budget Calculator
      • Auckland Wedding Car Hire
      • Auckland Wedding Photographers
      • Auckland Wedding Celebrant
      • Affordable Auckland Florists
      • Wedding Videographers Auckland
      • Wellington Wedding Photographers
      • Christchurch Wedding Photographers
      • Queenstown Wedding Photographers
    • Car & Motorbike >
      • Car Detailing >
        • Auckland ​Car Detailing
        • Hamilton ​Car Detailing
        • Tauranga ​Car Detailing
        • Wellington ​Car Detailing
        • Christchurch ​Car Detailing
        • Dunedin ​Car Detailing
      • Quality Tyres Auckland
      • Top Auckland Auto Electrical Specialists
      • Best Car Batteries
      • Best Electric Cars
      • Electric Scooters
      • Best Electric Bikes
    • Screen Printing Auckland
    • Online Business >
      • Social Media Influencer Marketing
      • Trusted Auckland SEO Companies
      • Auckland Graphic Design
    • Dry Cleaners Auckland
    • Window Tinting Auckland
    • Cabinet Makers Auckland
    • Naturopaths Auckland
    • Asbestos Removal Auckland
    • Makeup Artists Auckland
    • Dentists Auckland
    • Arborists Auckland
    • Auckland Security Systems
    • Podiatrists Auckland
    • Optometrists Auckland
    • Auckland Land Surveyors
    • Cleaners Auckland
    • Gutter Cleaning Auckland
    • Chiropractors Auckland
    • Fridge Repair Auckland
    • Auckland Landscapers
    • Pets >
      • Trusted Catteries >
        • Cattery Auckland
        • Cattery Hamilton
        • Cattery Tauranga
        • Cattery Wellington
        • Cattery Christchurch
      • Trusted Dog Boarding >
        • Dog Boarding Kennels Auckland
        • Dog Boarding Kennels Wellington
        • Dog Boarding Kennels Christchurch
      • Trusted Doggy Daycare Providers >
        • Dog Daycare Auckland
        • Dog Daycare Wellington
        • Dog Daycare Christchurch
      • Puppy Schools >
        • Puppy School & Dog Training Auckland
        • Puppy School & Dog Training Hamilton
        • Puppy School & Dog Training Wellington
        • Puppy School & Dog Training Christchurch
      • Trusted Dog Groomers >
        • Dog Grooming Auckland
        • Dog Grooming Wellington
        • Dog Grooming Christchurch
    • Renovations >
      • Trusted Auckland Painters
      • Trusted Auckland Electricians
      • Trusted Builders >
        • Trusted Auckland Builder
        • Trusted Builders in Tauranga
        • Trusted Builders in Hamilton
        • Trusted Builders in Wellington
        • Trusted Builders in Christchurch
        • Trusted Builders in Dunedin
        • Trusted Builders in Lower Hutt
      • Plumbers >
        • Trusted Plumbers in Auckland
        • Trusted Plumbers in Hamilton
        • Trusted Plumbers in Tauranga
        • Trusted Plumbers in Wellington
        • Trusted Plumbers in Lower Hutt
        • Trusted Plumbers in Christchurch
        • Trusted Plumbers in Dunedin
      • Panelbeaters >
        • Trusted Panel Beaters in Auckland
        • Trusted Panel Beaters in Hamilton
        • Trusted Panel Beaters in Tauranga
        • Trusted Panel Beaters in Wellington
        • Trusted Panel Beaters in Lower Hutt
        • Trusted Panel Beaters in Christchurch
        • Trusted Panel Beaters in Dunedin
      • Building Inspectors >
        • Auckland Building Inspectors
        • Hamilton Building Inspectors
        • Tauranga Building Inspectors
        • Napier and Hastings Building Inspectors
        • Wellington Building Inspectors
        • Christchurch Building Inspectors
        • Dunedin Building Inspectors
      • Auckland Glazier
      • Garage Door Repairs Auckland
      • Auckland Flooring
      • Best Auckland Locksmiths
      • Concreters Auckland
      • Auckland Scaffolding Companies
      • Bathroom Renovations Guide >
        • Bathroom Renovations Auckland
      • Auckland Roofing
      • Auckland Solar Panels
    • The Complete Guide to Renting in New Zealand
    • Heat Pump Experts >
      • Heat Pumps Auckland
      • Heat Pumps Tauranga
      • Heat Pumps Hamilton
      • Heat Pumps Napier and Hastings
      • Heat Pumps Wellington
      • Heat Pumps Christchurch
      • Heat Pumps Dunedin
    • Trade Me Selling Tips
    • Prezzy Cards
    • Food >
      • Christmas Club >
        • New World Christmas Club Review
        • PAK'nSAVE Christmas Club Review
        • Countdown Christmas Club Vouchers
      • Coupons & Deals >
        • Kids Eat Free
        • Domino's Coupons
        • Pizza Hut Coupons
        • KFC Coupons
        • Burger King Coupons
        • McDonald's Coupons
        • BurgerFuel Vouchers
        • Hell Pizza Vouchers and Coupons
    • Health & Personal Care >
      • Teeth Whitening
      • Anti-Ageing Creams
      • Hair Straighteners
      • Sunscreen
      • Jenny Craig Review
      • Weight Watchers Review
    • Grammarly Review
    • Moving to New Zealand
    • Teaching Kids About Money
  • Business
    • 10 Money Saving Tips For Businesses
    • How to Start a Business in New Zealand
    • Reviews >
      • PayPal NZ Account Fees
      • Paypal vs Stripe Review
      • Plain English Awards
    • Business Insurance
    • Public Liability Insurance
    • Business Credit Cards
    • Business Loans
    • Business Podcasts
    • Domain Names
    • Top Web Designers >
      • Auckland Web Designers
      • Hamilton Web Designers
      • Wellington Web Designers
      • Christchurch Web Designers
      • Tauranga Web Designers
      • Lower Hutt Web Designers
      • Dunedin Web Designers
    • Get Debtors to Pay Overdue Invoices
    • Calculators >
      • Business Loan Calculator
      • ROI Calculator
      • Percent Off Calculator
      • Profit Margin Calculator
      • Current Ratio Calculator
      • Quick Ratio Calculator
  • Work and Income
    • Navigating Work and Income Benefits
    • Jobseeker Support Guide
    • Accommodation Supplement Guide
    • Disability Allowance
    • MyMSD
    • Community Services Card
    • Hardship Assistance - Urgent Costs and Living Expense Assistance
    • Loans for Unemployed
    • Working for Families Guide
    • NZ Superannuation in a Nutshell >
      • Superannuation Rates 2021
    • Debt Help
    • Bankruptcy Guide
    • Government Departments Helping New Zealanders Directly
    • COVID-19 Help
    • Food Grants Guide
    • Food Banks Directory >
      • Food Banks Auckland
      • Food Banks Northland
      • Food Banks Hamilton Waikato
      • Food Banks Wellington
      • Food Banks Christchurch
    • Free Money from the Government
  • Students
    • All About Money >
      • Money in a Nutshell for Teenagers
      • Student Bank Accounts
      • Student Loans
      • Student Money Tips
      • Smart Money Tips for Kids
    • Education >
      • Scholarships 2021
      • Year 13 Essential Checklist
      • Alternative Study Providers
      • What to Study in 2021
    • Jobs >
      • Student Jobs Guide
      • Student CV Template
      • Student Job Cover Letters
      • Student Job Interview Questions and Answers
    • Freebies for School Students
    • School Holidays NZ 2021
    • Public Holidays 2021 & 2022
  • Motoring
    • Buying a Used Car
    • 20 Ways to Make Driving Cheaper
    • AA Membership Review
    • Vehicle Leasing
    • Best Car Mechanics >
      • Best Auckland Car Mechanics
      • Best Car Mechanics in Hamilton
      • Best Car Mechanics in Tauranga
      • Best Car Mechanics in Wellington
      • Best Car Mechanics in Lower Hutt
      • Best Car Mechanics in Christchurch
      • Best Car Mechanics in Dunedin
    • Warrant of Fitness Guide >
      • Warrant of Fitness Auckland
      • Warrant of Fitness Hamilton
      • Warrant of Fitness Tauranga
      • Warrant of Fitness Lower Hutt
      • Warrant of Fitness Wellington
      • Warrant of Fitness Christchurch
      • Warrant of Fitness Dunedin
  • Wills and Trusts
    • Wills Guide
    • Prenuptial Agreements
    • Trusts Guide
    • Divorce Guide
    • Enduring Power of Attorney Guide
    • Living Wills Guide
  • Employment
    • CV Templates & Tips
    • Part-Time Jobs Guide
    • How to Get Promoted
    • Self-Employment Guide
    • Workplace Bullying
    • Side Hustles in New Zealand
    • Recruitment Agencies >
      • Recruitment Agencies Auckland
      • Recruitment Agencies Wellington
      • Recruitment Agencies Christchurch
  • Travel
    • Car Rental Hire
    • Auckland Airport Car Parking
    • First Table Guide
    • Cheap Domestic Flights
    • Queenstown Like a Local
    • Auckland Travel for Less
    • Hotel Booking Sites Compared
    • 100+ Free Things to do in Auckland
    • Layby Flights Guide
    • Travel Money Cards
    • Airbnb Refunds (Coronavirus)
    • Air New Zealand Refunds & Credits
    • Google Flights Guide
    • Skyscanner Guide
    • Air NZ Upgrade Guide
    • Currency Converter
    • No Nonsense Upgrade Guide
    • Air New Zealand Travel Tips
    • Airpoints Flexipay Guide
    • Qatar Airways Travel Tips
    • Foreign Currency Exchange >
      • Australian Dollars Exchange Rate
      • American Dollars Exchange Rate
      • British Pound Exchange Rate
      • Canadian Dollars Exchange Rate
      • Euro Exchange Rate
      • Fijian Dollars Exchange Rate
      • Hong Kong Dollar Exchange Rate
      • Korean Won Exchange Rate
      • Indian Rupee Exchange Rate
      • Japanese Yen Exchange Rate
      • Malaysian Ringgit Exchange Rate
      • South African Rand Exchange Rate
      • Singapore Dollars Exchange Rate
      • Thai Baht Exchange Rate
      • Chinese Yuan Exchange Rate
  • Entertainment
    • Netflix Review >
      • Best Netflix Movies
      • Best Netflix TV Shows
    • Amazon Prime Video Review >
      • Best Amazon Prime Movies
      • Best Amazon Prime TV Shows
    • Disney+ Review
  • Mobile Phones
    • Best iPhone Plans
    • Compare Mobile Plans
    • SIM Only Mobile Plans
    • Mobile Data Roaming
    • Spark Mobile Review
    • Vodafone Mobile Review
    • 2degrees Mobile Review
    • Best Power Banks
  • Health
    • Gym Memberships Guide >
      • Auckland Gym Memberships Guide
      • Hamilton Gym Memberships Guide
      • Tauranga Gym Memberships Guide
      • Wellington Gym Memberships Guide
      • Christchurch Gym Memberships Guide
      • Dunedin Gym Memberships Guide
    • Personal Trainers >
      • Personal Trainers Auckland
      • Personal Trainers Hamilton
      • Personal Trainers Tauranga
      • Personal Trainers Wellington
      • Personal Trainers Christchurch
      • Personal Trainers Dunedin
    • Acupuncture Auckland
  • Search MoneyHub