Passive Index Funds

[ENP]

Are the only passive index funds available in NZ the smart shares ones?

Like TENZ, FONZ, OZZY, WINZ, etc? These are all exchange traded funds but where are just managed funds that aren't ETF that are still tracking an index?

[Silverlight]

Smartshares are TNZ, MDZ, MZY, OZY & FNZ, WIN is run by AMP investments.

Those are the only passive ETF's on NZX.

Other funds on NZX are the european trusts, BIT, CDN, EUT, FCS, FCT, HFL, HRP, JFJ, JMO, TCL, TEM & WIT.

[ENP]

Smartshares are TNZ, MDZ, MZY, OZY & FNZ, WIN is run by AMP investments.

Those are the only passive ETF's on NZX.

Other funds on NZX are the european trusts, BIT, CDN, EUT, FCS, FCT, HFL, HRP, JFJ, JMO, TCL, TEM & WIT.

I'm not talking about ETF's or ones on the NZX. I mean just managed funds provided by companies such as AMP, ING, etc, etc.

[ENP]

https://www.sovereign.co.nz/story_images/542_AMP_Passive_Unit__s1900.pdf

Is something like this ideal?

Or why wouldn't I just invest in WINZ myself and avoid the 5% entry fee and 1.4% on-going management fee? Where else are passive international share funds?

(I'm mainly looking for these as Mary Holm goes on about how great they are... If I can find the bloody things!)

[belgarion]

(I'm mainly looking for these as Mary Holm goes on about how great they are... If I can find the bloody things!)

Email Mary ans ask her to provide more info. She's generally pretty responsive.

[ENP]

Email Mary ans ask her to provide more info. She's generally pretty responsive.

Really? I've emailed her roughly a handful of times and have never got a response....

[COLIN]

I'm not talking about ETF's or ones on the NZX. I mean just managed funds provided by companies such as AMP, ING, etc, etc.

I understand that ASB have an NZ Shares Trust which is described as a Passive Trust. I don't know which Index it follows but it is also a PIE to boot. So, there you are, a PASSIVE PIE - what more could a fellow (or fellowess) want!

[lissica]

https://www.sovereign.co.nz/story_images/542_AMP_Passive_Unit__s1900.pdf

Is something like this ideal?

Or why wouldn't I just invest in WINZ myself and avoid the 5% entry fee and 1.4% on-going management fee? Where else are passive international share funds?

(I'm mainly looking for these as Mary Holm goes on about how great they are... If I can find the bloody things!)

If you have enough money then create your own index- just buy about 20 or so shares and call it the ENP Index. Throw some darts, pick them based on your star sign, birthdate, etc. Much more fun that way.

Only worth it if you have about $100K or so though, otherwise the brokerage eats up a lot of it.

[CJ]

I understand that ASB have an NZ Shares Trust which is described as a Passive Trust. I don't know which Index it follows but it is also a PIE to boot. So, there you are, a PASSIVE PIE - what more could a fellow (or fellowess) want!
They use to and they also allow you to drip feed in (ie $100 pm) which is expense for shares. Check what your current bank provide as well.

[ENP]

Ok great, thanks for all the tips, there are a few around that I can Find, ASB is one of them, Sovereign have another, AMP, and a few other ones. I'll do my research and have a deeper look.

[Jessie]

Ok great, thanks for all the tips, there are a few around that I can Find, ASB is one of them, Sovereign have another, AMP, and a few other ones. I'll do my research and have a deeper look.

Superlife have an international passive fund with fairly low fees.
There are quite a number on the Australian exchange. These have much lower fees than any NZ passive fund, although I am not sure how tax effective they are: http://www.asx.com.au/products/etfs_etcs/index.htm

[CJ]

ASB is one of them, Sovereign have another,It is probably the same fund. Sovereign is owned by ASB isn't it or atleast have the same parent co (Commonwealth in Oz)?

[Arthur]

AMPs listed WIN trust pretty much trades at asset backing. Take a look at the five year chart and compare it to the "expensive" actives like Hunterhall or Platinum. From my research passive funds in the NZ market have underperformed most fund managers. My "Passive" experiments have been done through Liontamer with better than market results as there is usually some sort of capital security which is useful if the market tanks.Cheers Arthur

[ollie]

How about Platinum Capital in Ozzy, Kerr Neilson's international fund is highly regarded.

[CJ]

AMPs listed WIN trust pretty much trades at asset backing. Take a look at the five year chart and compare it to the "expensive" actives like Hunterhall or Platinum. Platinum has a very good history so obviously has some clever people working for them.

How does WINZ compare to the average 'active' fund as not everyone can pcik the top performing active fund (past perforamnce is no indication of future performance and all that).

[voltage]

WINZ has been a dreadful performer long term mainly due to our strengthening dollar

[Paint it Black]

Again we are told by the AMP investment managers that they are unable to advise the daily NTA due to technical difficulties. This has regularly happened since Xmas and considering the management fees they charge and the low turnover is why I'm exiting WIN for better opportunities.

[Paint it Black]

Again we are told by the AMP investment managers that they are unable to advise the daily NTA due to technical difficulties. This has regularly happened since Xmas and considering the management fees they charge and the low turnover is why I'm exiting WIN for better opportunities.

And again today - these guys are absolutely useless, with the depreciating NZ dollar the NTA information is vital in making informed decisions. Maybe they will do a Telecom and provide some compensation!

[belgarion]

Email Mary ans ask her to provide more info. She's generally pretty responsive.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10624387&pnum=0

See question 2. :) ... Thanks Mary :)