NZX signals new exchange-traded fund, lashes fee critics

Comparing the fees on New Zealand exchange-traded funds (ETFs) to those in much bigger markets overseas is unfair, according to the boss of NZX-owned ETF provider Smartshares.

Smartshares, which manages $300 million across five funds investing in the New Zealand and Australian share markets, is planning to launch a new fund later this year.

NZX head of business strategy Sam Stanley will not give details of the new fund at this stage but says it will be part of a wider promotion of the Smartshares products.

 

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