InvestNow builds on its foundation

The new releases, which primarily invest into leading offshore ETFs, are made up of two new international equity funds and a diversified fund.

The Foundation Series US Dividend Equity Fund provides exposure to the Schwab US Dividend Equity ETF, one of the most popular dividend ETFs in the world.

The Foundation Series Global ESG Fund offers a Vanguard-powered ESG-screened global shares portfolio, for investors who value environmental, social and governance considerations within their investments.

The Foundation Series High Growth Fund features an aggressive portfolio diversified across asset classes, for investors with a higher appetite for risk, alongside the potential for higher returns.

The Foundation Series Funds are managed in-house by InvestNow and structured as PIE funds, which are taxed at a maximum rate of 28%. In contrast, investing directly into the offshore ETFs that the funds are exposed to would mean investors are taxed at a marginal tax rate of up to 39%.

InvestNow launched the Foundation Series US 500 Fund and Foundation Series Total World Fund in 2022, providing low-cost exposure to the Vanguard S&P 500 ETF and the Vanguard Total World Stock ETF respectively.