|AUS||Smartshares S&P/ASX 200 ETF||0.30%||S&P/ASX 200 Index|
|NGB||Smartshares NZ Government Bond ETF||0.20%||S&P/NZX NZ Government Bond Index|
|NZG||Smartshares S&P/NZX 50 ETF||0.20%||S&P/NZX 50 Index|
|TWH||Smartshares Total World (NZD HGD) ETF||0.46%||FTSE Global All Cap Index|
New Zealand’s ETF’s market is very small – smaller than Australian states with comparable populations, like Queensland. Most sophisticated New Zealanders have access to Australian trading anyway and have something of an incentive to use Australian financial services thanks to light touch tax laws and institutional overlap. (It’s the same banks in both countries).The funds are all plain vanilla and provide core exposure. The Total World fund will build its portfolio by buying into a US-listed ETF from Vanguard.
Nonetheless, thanks to Kiwisaver, the Kiwi pension system, the ETF market is gaining pace.