paulke
03-12-2007, 08:33 AM
Hello folks
I'm new here, this is my first post so hello people.
I am new to investing in New Zealand and I'm having a bit of trouble finding the types of products I wish to invest in. I am looking for cost effective ways of investing in international ETFs and/or index trackers.
So far I have found NZX Smartshares that offer a selection of funds with exposure to the NZ and Australian markets. I have also found AMP WiNZ fund that allows investment in a world index tracker.
Both of these are all well and good but I am not really seeing the choice I would like. I would like to be able to invest in some of the more specific trackers available in the UK and the US.
Can anybody advise if this is possible for a NZ resident? Is it cost effective if I cant invest in NZ dollars locally and have to pay for currency exchange each time I invest (monthly) with a foreign entity?
Thanks in advance
Paul
I'm new here, this is my first post so hello people.
I am new to investing in New Zealand and I'm having a bit of trouble finding the types of products I wish to invest in. I am looking for cost effective ways of investing in international ETFs and/or index trackers.
So far I have found NZX Smartshares that offer a selection of funds with exposure to the NZ and Australian markets. I have also found AMP WiNZ fund that allows investment in a world index tracker.
Both of these are all well and good but I am not really seeing the choice I would like. I would like to be able to invest in some of the more specific trackers available in the UK and the US.
Can anybody advise if this is possible for a NZ resident? Is it cost effective if I cant invest in NZ dollars locally and have to pay for currency exchange each time I invest (monthly) with a foreign entity?
Thanks in advance
Paul