How do I buy a term deposit?

To buy term deposits you need to have available funds in your InvestNow transaction account. You can deposit money to your InvestNow transaction account from your nominated bank account.

Please note the minimum investment amount for ANZ and China Construction Bank is $10,000. The minimum investment amount for the Bank of China is $25,000 and needs to be input to a whole dollar. For all other banks, the minimum investment amount is $2,000.

To buy a term deposit, please follow these steps:

Login to […]

By Mike Heath|2023-10-06T15:37:19+13:00September 24th, 2018|Investment Portfolio Management Questions, Product/Choosing Products Questions|Comments Off

What are the buy or sell spreads?

Buy/Sell spreads

When you buy or sell units in a fund, you may be charged a buy or sell spread. The buy spread is added to the unit price when you buy units, and the sell spread is deducted from the unit price when you sell units. For example: if you invest $10,000 into a fund with a 0.10% buy spread, the buy spread would be added to the price, bringing the starting value of your investment to $9,990.

Buy or sell spreads are intended to cover […]

By Mike Heath|2023-08-09T09:25:29+12:00March 10th, 2018|Investment Portfolio Management Questions, Product/Choosing Products Questions, Term Definitions|Comments Off

How are Elevation Capital funds buys and sells processed?

Elevation Capital Global Shares Fund is priced once a month, on the last business day of the month – the “Valuation Day”.

If you buy or sell units in the fund on a day, before the Valuation Day of the current month, your order will be processed within 10 days of the Valuation Day in the month following.

For Buy orders, your cash will be sent to the application account for this fund and will remain there until the Valuation Day of the same month. This cash will not be available to […]

By Mike Heath|2021-08-11T08:54:32+12:00September 22nd, 2017|Investment Portfolio Management Questions, Product/Choosing Products Questions|Comments Off

How are Smartshares ETFs buy and sell orders processed?

Smartshares are listed securities on the NZX. Orders are placed through our broker, Craigs Investment Partners.

All Smartshares orders are aggregated by the Custodian at 12pm each business day and sent to our broker. Orders are executed on the market later that afternoon. Any orders loaded after this time will be processed the following business day.

Buy and sell requests are not matched – each is placed independently.

Minimum investment amount is $50, when part of a Regular Investment Plan, or $250 for one-off investments.

Buy […]

By Mike Heath|2020-05-14T17:12:15+12:00August 15th, 2017|Investment Portfolio Management Questions, Product/Choosing Products Questions|Comments Off

How are my funds protected?

InvestNow client funds are held in an independent custodial account which is run and operated by Adminis, who have been appointed to provide custody services to InvestNow. This ensures that there is complete separation of client assets from InvestNow as a business. The custodial account is also structured to ensure that all assets, including the bank accounts, are ring-fenced from the custodian’s business. The custodian is audited annually and client accounts are subject to daily reconciliation.

InvestNow is a registered Financial Services Provider […]

By Mike Heath|2023-04-14T16:06:34+12:00March 15th, 2017|Account Questions, Investment Portfolio Management Questions, Questions about InvestNow|Comments Off

What does the data on the Invest page represent?

The Invest page contains the following information for each fund:

Name of the fund
Transaction fee, if a fund charges an exit or entry fee.
Fees – the Total Fund charges (including GST) which is made up of:
Total Management & Administration charges, including Manager’s basic fee and other management and administration charge
The data is sourced from The Disclose Register.
1 Year & 5 Year performance data. This data is net of fees and before tax.
Fund fact sheets, available for download
Fund Product Disclosure Statement (PDS), available for download

By Mike Heath|2022-11-09T08:44:42+13:00December 18th, 2016|Account Questions, Investment Portfolio Management Questions|Comments Off

Which Managed Funds pay distributions and how frequently do they pay them?

Which managed funds pay distributions and how frequently do they pay them?

You have the option of either having distributions paid as cash into your Transaction Account or reinvested to purchase additional units in the relevant fund.

This preference is applied to all Funds in your InvestNow account.

Macquarie Asset Management

The Macquarie Income Generator Fund pays a fixed monthly distribution. The distribution rate is reviewed on or around 1 April and 1 October each year, and unit-holders are advised by email of any change.

The following funds pay a half-yearly distribution, calculated on […]

By Mike Heath|2022-05-09T12:02:55+12:00December 18th, 2016|Investment Portfolio Management Questions, Product/Choosing Products Questions|Comments Off

When are my buys and sells completed?

When are my buy and sells completed?

The cut-off time for the receipt of buy or sell orders and cleared funds for all Funds is currently 12pm NZ time (Monday to Friday, excluding national public holidays).

If buy or sell orders are accepted before the cut-off time for a Fund on a valuation day, units will normally be issued or redeemed price determined at the end of that day.

Please note that this does not apply to Russell Investments, Antipodes Partners, Elevation Capital or Pie Funds:

Russell Investments NZ PIE funds – for […]

By Mike Heath|2023-08-08T08:23:55+12:00December 18th, 2016|Account Questions, Investment Portfolio Management Questions, Product/Choosing Products Questions|Comments Off

Can I switch my investment from one fund into another?

There is no functionality offered on InvestNow to facilitate this. If you want to switch from one fund to another, you have to sell the first one, wait until the sale proceeds are in your Transaction Account and then buy the second fund.

By Mike Heath|2019-06-14T13:43:46+12:00December 18th, 2016|Investment Portfolio Management Questions|Comments Off

Do any minimums apply for when I want to sell any Managed Funds?

Yes – if you chose a dollar value for the sale, the sale can be no lesser than the indicative unit price for one unit. If you chose to sell a number of units, it has to be for at least one unit in the fund.

The minimum cash withdrawal amount from InvestNow is $1.

By Mike Heath|2019-06-14T13:44:33+12:00December 18th, 2016|Investment Portfolio Management Questions|Comments Off