NZ Share Indicies

[voltage]

Which fund is best to use for the NZ market? Advice appreciated.
Smartshares use S&P/NZX 50 Portfolio Index – management fee is 0.5%
Simplicity use S&P/NZX 50 Index – management fee is 0.1%
S&P/NZX 50 Portfolio Index
The index comprises the same constituents as the S&P/NZX 50 Index, but with a 5% cap on the float-adjusted market capitalization.
S&P/NZX 50 Index
The index is designed to measure the performance of the 50 largest, eligible stocks listed on the Main Board (NZSX) of the NZX by float-adjusted market capitalization.

[Tronald Dump]

There are a number of Smartshares NZ Equity ETFs tracking different benchmarks: FNZ (S&P/NZX 50 Portfolio Index), MDZ (S&P/NZX Mid Cap Index), DIV (S&P/NZX High Dividend Index), TNZ (S&P/NZX Top 10) and NPF (S&P/NZX Real Estate Select Index).

The Portfolio Index and Mid Cap Index have both outperformed the NZX 50 Gross over the last 3 to 5 years with lower volatility. Which one is best depends on your objectives.

Note Simplicity also charges a $30 p.a. admin fee.

[voltage]

Simplicity with a charge of 0.1 % is pretty attractive, hopefully this will put pressure on smartshares to reduce their fees.

[Tronald Dump]

To be fair, Simplicity only offers one equity fund whereas Smartshares has around 27 funds to choose from. Also with Simplicity's $30 p.a. admin fee, for a $10K investment there's not much in it on fees.