I hate paying fees for other people to manage my money. I am looking to minimise my fees whilst having a diversified share investment. I would look to pay in a few thousand a month. I was formally in the UK where I could find many index trackers and ETFs with fees of 0.3% or less per year.
From my research so far, I have the following:
- Buy NZ and AU shares directly - transaction costs only and need a lot of money to diversify successfully
- Buy Smartshares - 0.6-0.75% management fee but limited to only a few shares i.e. too banking and mining heavy in AU, too much Telecom in NZ
- AMP WiNZ index tracker - is now closed as of 29 June
- Superlife investments - already use these for my Kiwisaver so don't want all my eggs in one basket
- Managed funds - management fees too high (1%+)
Can anyone point me to any other investments which are diversified, passive, low-fee and have PIE status?