In response to customer demand Kernel has added two diversified funds to round out its offering, while introducing an NZD hedged version of its Global 100 Fund.
Kernel is continuing its upward trajectory, now working with over 60 independent financial advice firms, along with a mix of wholesale investors, iwi, family offices and a growing retail customer base after recently expanding by launching a low fee online KiwiSaver Plan.
“We’ve been really encouraged by the uptake of our KiwiSaver Plan since its launch just a few months ago. Given the response, we’re going beyond just offering equity options to now include a broader range of risk profiles to support an increasingly diverse customer segment”, founder and chief executive Dean Anderson says.
Kernel’s expansion out of equities comes at a pivotal time in markets and may prove to be well timed, with the 12-month rolling Australian ETF asset class flows showing cash and fixed Income products taking 75% share in the year to September 30.
Kernel’s Cash Plus Fund is suitable for those aiming to receive returns higher than a savings account, but who also want to minimise the potential for investment loss over the next 1-3 years. The fund is comprised of interest-generating assets, cash and cash equivalents.
The Kernel Balanced Fund targets an asset allocation of 60% equities and 40% fixed interest, investing mainly in several of the other Kernel funds.
“As we’ve grown our product range, we’ve expanded our team bringing on additional expertise to continue to deliver high quality investment options to the market, with the benefits of low costs and tax efficiency. In fact, the new Kernel Balanced fund will have a fee 72% below the average balanced KiwiSaver fee, based on the latest Morningstar KiwiSaver Report.”
To round out the latest expansion of Kernel’s fund range, Kernel’s Global 100 NZD Hedged Fund will support investors looking to shield against currency fluctuations, particularly amid interest rate changes and an uncertain economic environment.
Management fees are some of the lowest on the market at 0.25%, and there are no transaction or foreign exchange fees.
“The launch of our new Global 100 (NZD Hedged) Fund joins our existing line-up of NZD hedged funds, including our popular S&P 500 NZD Hedged Fund and Global Infrastructure Fund.”
The Kernel Cash Plus, Balanced and Global 100 Funds will be available on various wrap platforms.
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