Smartshares launches more ETFs
Smartshares has registered two prospectuses for the launch of four new exchange-traded funds (ETFs).
Thursday, October 29th 2015, 5:59AM
This will take its total number of ETFs to 24.
The new ETFs will offer exposure to New Zealand bonds and cash, global bonds and New Zealand listed property businesses.
NZX head of funds management Aaron Jenkins said: “Smartshares is committed to developing a vibrant ETF market that provides New Zealand investors with a range of diverse, low-cost and easily accessible investment options. These four new Smartshares ETFs mean investors now have access to a comprehensive selection of global and domestic ETFs across the main investment asset classes of Cash, Bonds, shares and property.”
The new Smartshares ETFs are:
1. Global Bond Trust (GBT) – invests in global interest bearing assets, bonds and other global securities, benchmarked against the Barclays Global Aggregate Index and hedged in NZD
2. New Zealand Bond Trust (NZB) – invests in New Zealand interest bearing assets, including a range of fixed income securities, benchmarked against the S&P/NZX A-Grade Corporate Bond Index
3. New Zealand Cash Trust (NZC) – invests in New Zealand short term interest bearing assets, as well as other cash and cash equivalent investments, benchmarked against the NZX 90-Day Bank Bill Index
4. New Zealand Property Trust (NPF) – invests in a selection of the largest NZX-listed property businesses and seeks to track the performance of the S&P/NZX Real Estate Select Index
Smartshares ETFs are listed funds that aim to provide a return to unitholders that closely matches the return on a specific market index such as the New Zealand Property Trust, or outperform a benchmark index such as the Global Bond Trust, New Zealand Bond Trust and New Zealand Cash Trust.
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