Quote Originally Posted by justakiwi View Post
I disagree. The reality is that for some of us this is the only affordable way to buy into Vanguard funds. Doing it via Sharesies - via Smartshares - makes it doable for people like me.
To add, there's a lot more to just owning the Vanguard ETF through a NZ fund. There's also compliance FMA regulations that the NZ Smartshares (and others) have to comply with. Issues like FIF will kick in if over $50K in total foreign balance adds more paperwork so the client has the correct totals to report for FIF.