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Simplicity expands with new funds and allocation changes

Simplicity has launched seven new funds, increased its allocation in New Zealand unlisted assets, and reduced its annual fee.

Tuesday, May 2nd 2023, 9:57AM

by Andrea Malcolm

The new funds include KiwiSaver high growth and defensive funds and matching investment funds. There are also three new global share and bond investment funds: hedged global share fund, unhedged global share fund, and hedged global bond fund which have a 0.15% annual fee, with no entry or exit fees.

The increased allocations to unlisted New Zealand investments is across all diversified KiwiSaver and investment Funds. Build-to-rent housing, first home lending and private equity all have increased asset allocations, bringing the total target asset allocation to unlisted assets from 7.5% to approximately 10% of funds under management.

Managing director Sam Stubbs says many overseas pension funds invest in rental property.

The reduction in fees from 0.3% to 0.29% is due to administration and management cost savings following Simplicity’s recent switch from Vanguard to Germany-based DWS, says Stubbs.

Tags: Simplicity

« Simplicity switches out Vanguard for tax gainTough times ahead for NZ economy: Nikko economist »

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AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 ▼6.39
ANZ 8.64 7.74 7.39 7.25
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BNZ - Mortgage One 8.69 - - -
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China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼6.79 - -
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Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 ▼7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
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HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
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Kainga Ora - First Home Buyer Special - - - -
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Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
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Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 ▼7.74 7.29 6.59
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Median 8.64 7.21 7.29 6.65

Last updated: 17 May 2024 9:41am

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