NZX splashes on extra exchange-traded funds
Saturday 21 August 2004
The New Zealand Exchange has made a big splash of launching new exchange-traded funds (ETFs).
By The LandlordThese funds are passive replicas of capitalisation-weighted sharemarket indices and can have tax benefits in respect of capital gains because they simply buy-and-hold component shares rather than actively trading them.
In reality, ETFs are nothing new on the local sharemarket. In its old NZSE days, the exchange kicked off first with the TeNZ fund, a New Zealand top ten index tracker it still offers.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.