New tool compares KiwiSaver, shares, and bonds

For the first time, a new online tool enables Kiwis to search and compare New Zealand investments, such as KiwiSaver, shares, bonds and other types of managed products.

Sorted’s Smart Investor offers the first opportunity for KiwiSaver members to explore their fund’s investments in detail, and compare their fund against other offerings.

People will be able to see what companies their KiwiSaver money is invested in, and if those KiwiSaver providers invest using ESG principles (environmental, social, and governance).

They can compare fees and returns against other providers.

“The tool will encourage greater transparency in the financial sector by revealing everything to consumers about where their money is going, and how well their provider is performing,” says Sorted’s Managing Editor, Tom Hartmann.

When KiwiSaver members are ready to move on to other types of investing, they can compare other managed funds, managed investments and share and bond offers. The site also offers guides on investing and definitions of jargon.

“Our aim was to break down the barriers to investing so that all New Zealanders could benefit from this way of growing their money,” says Hartmann.

Smart Investor has been built by three government agencies – the Ministry for Business, Innovation and Employment (MBIE), the Financial Markets Authority (FMA) and the Commission for Financial Capability (CFFC), which runs Sorted.

Scott McMurray, FMA acting director of investor capability, welcomed Smart Investor as a major step in helping people make informed decisions about their investments.

“With all the relevant information in one place, investors can review a whole range of financial products, including KiwiSaver and managed funds, bonds and shares.

“You can check how similar products compare with each other for fees and returns, and also find out where and how your money is invested.”

Important points:

·         The information the site provides is pulled from the Disclose Register run by the Companies Office. Financial service providers are required to provide this information as part of their legal disclosure requirements. Smart Investor is updated daily.

·         Consumers do not have to input any personal information to access the site’s services, which are independent and impartial.

First published 25 February 2019

This article does not contain any financial advice and has not taken into account any particular person’s circumstances. Before relying on it, we recommend you speak with a financial adviser.  This story reflects the views of the contributor only. Content comes from sources that we consider are accurate, but we do not guarantee that the content is accurate.


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