Passive / low cost, bond / fixed interest funds
Hi everyone. I am in the process of building my portfolio and want to allocate some money in the the bond market both in NZ and overseas. Ideally I would like to invest in a passive bond fund but as far as I know these don't exist in NZ (yet?), I don't want to put my money in individual bonds as I don't have enough experience in this area. I have looked at the AMP short duration funds and it has an entry / exit fee of 0.05% and an annual management fee of 0.55% pa, has anyone got an opinion on this? What does everybody use for their bond allocation? Should I be looking at the ETF's in Aussie for international bond exposure?
Thanks !