InvestNow launches the Foundation Series Nasdaq-100 Fund catered to Kiwi investors
InvestNow has officially partnered with Nasdaq to offer exposure to the Nasdaq-100® in a PIE fund – the first official partnership of this kind in New Zealand.
Predominantly, this provides exposure to high-growth technology-focused companies with significant exposure to the likes of Apple, NVIDIA, Microsoft, Amazon, Meta, Tesla and others. For a full list of companies please click here.
The Foundation Series Nasdaq-100 Fund invests into the Invesco NASDAQ 100 ETF, providing exposure to the 100 largest non-financial companies listed on the Nasdaq exchange, and charges a management fee of just 0.15% p.a.*, in line with the underlying ETF.
Foundation Series Nasdaq-100 Fund – Key Features:
- Access to a leading ETF – Direct exposure to the Invesco NASDAQ 100 ETF (QQQM), one of the most popular funds globally.
- Low management fees – The fund features a management fee of just 0.15% per annum, in-line with the underlying ETF. *
- Tax savings and simplicity – Unlike direct investments into ETFs or Australian Unit Trusts (which are taxed at your marginal tax rate up to 39%), this fund is structured as a PIE, automatically managing tax obligations and limiting the tax rate to just 28%. This can help you side-step an up to 40% higher tax bill.
- No foreign exchange hassle – All investments are priced in NZ dollars, with all trading-related costs covered by a 0.50% entry/exit fee.
Available on the InvestNow Managed Funds Platform and InvestNow KiwiSaver Scheme.
“Direct investors into other funds that track the Nasdaq-100® face a marginal tax rate of up to 39%. Through a PIE fund however, investors’ tax rate is capped at just 28%, which can help sidestep an up to 40% higher tax bill in real terms. The advantages are considerable, and I wouldn’t be surprised if this ends up being one of the most popular funds we offer”.
Jason Choy, InvestNow, Senior Portfolio Manager
While choosing your investments and service provider, it is important to consider the overall cost of the investment, which includes management fees, tax efficiency, platform fees etc.
You can view and download the Product Disclosure Statement (PDS) for the Foundation Series Funds here.
Please note:
InvestNow does not provide personalised investment advice. We are one component of a person’s financial landscape and actively promote that our customers seek personalised advice from qualified advisers external to InvestNow.
*The Foundation Series Nasdaq-100 Fund is subject to a transaction fee charge of 0.50% on all Buy Orders and 0.50% on all Sell Orders.
Neither FundRock NZ Limited nor any other party guarantees any returns.
Disclaimer: FundRock NZ Limited is the issuer of the Foundation Series Funds. The Product Disclosure Statements are available at www.investnow.co.nz/foundation-series/. All investments involve risk.
The company logos, with the exception of Nasdaq, used in the ad are some of the top holdings in the underlying fund – Invesco NASDAQ 100 ETF. The use of these logos does not represent an endorsement by, or any affiliation with, that company.