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Smartshares passes $3b

Smartshares, which manages New Zealand’s range of exchange-traded funds (ETFs) and the SuperLife KiwiSaver scheme, has surpassed $3 billion in funds under management (FUM).

Friday, August 24th 2018, 9:16AM

It has added $1b in retail funds in just over two years.

Chief executive Hugh Stevenssaid: “Smartshares is committed to developing New Zealand’s passive funds management market, and creating cost-effective investment solutions which suit a broad range of customers’ needs, including retail, corporate and institutional investors.

“Reaching $3b in funds under management is a testament to the quality and range of our investment options, and this rapid growth demonstrates the potential of this business.”

There are more than 80,000 New Zealanders invested in Smartshares’ products, either directly, via its SuperLife business, or through financial advisers and investment platforms Sharesies and InvestNow.

Smartshares is focused on ongoing investor education. The fourth annual ETF Masterclass was held in Wellington, Christchurch and Auckland in June. The annual SuperLife investor seminars will occur in major centres in September and October.

SuperLife now allows financial advisers and their clients to agree fees for service and have these conveniently administered by SuperLife.

Tags: Smartshares

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Last updated: 17 December 2018 9:03am

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