Agreed..........................
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Update: no decision yet but I still like the smartshare DIV ETF option.
My only knowledge of ETF's to date is with regard to precious metal etf's. They are considerd risky by some as they are potentially not all backed by the real bullion they proport to have behind them.
Can this same concern for ETF's be applied to the smartshare DIV ETF ? Appreciate your thoughts.
The DIV ETF neither uses hedges nor derivatives, just holds the underlying shares which make up the portfolio. That's according to
https://smartshares.co.nz/document-l...ded-funds1.pdf
Appreciate if somone could clarify.
On the smartshare website it refers to DIV at 3 years annualised at 9.1% . I assume thats the growth on the share value ?
I can not see any reference to the history on the 5.4 % dividend return . Also no reference beyond 3 years, has it only been running 3 years ? And can the current 5.4% fluctuate over the next few years or does it stay at 5.4 ?
From their website(https://smartshares.co.nz/fund-investor-report):
"Returns are as at 31 March 2019 and are calculated on NTA movement, assuming distributions are reinvested on ex-date, and are after tax at 28% and fund charges."
Yes DIV appears to have only been active for the past 3 years, however bizarrely my ASB securities shows history from before this time, possibly just showing data from the S&P/NZX 50 High Dividend Index on which the ETF is based.
The 5.4% will fluctuate as companies in the ETF provide different dividend rates over time. Previous dividends are available on the info sheet (https://smartshares.co.nz/download-f...nd/nz-dividend)
Attachment 10483
DIV listed 7-Apr-2015 at $1 a pop and thus recently had it's 4th birthday
Thanks Snow Leopard. I am now a retiree so forgive my senility but I still can't see reference to the div return for the previous years.
https://smartshares.co.nz/types-of-f...nd/nz-dividend
Surely what you want is on this page.