Sharesies KiwiSaver, including self-select feature, goes to market

Earlier this year a pilot group of 2,500 Sharesies customers and staff began trialing the scheme which lets members invest in five base funds - three growth options from Pathfinder, Smartshares and PIE funds and balanced and conservative funds from Smartshares.

                  Portfolio displayed is a guide, not from a real customer. For informational purposes only

From the pilot group, Sharesies KiwiSaver now has $66 million in funds under management with an average age of 36 and an average balance of $27,000; around the same as the average balance across all providers.