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.
| « Simplicity switches out Vanguard for tax gain | Tough times ahead for NZ economy: Nikko economist » |
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