Kernel rounds out its fund offering
In response to customer demand Kernel has added two diversified funds to round out its offering, while introducing an NZD hedged version of its Global 100 Fund.
Kernel is continuing its upward trajectory, now working with over 60 independent financial advice firms, along with a mix of wholesale investors, iwi, family offices and a growing retail customer base after recently expanding by launching a low fee online KiwiSaver Plan.
“We’ve been really encouraged by the uptake of our KiwiSaver Plan since its launch just a few months ago. Given the response, we’re going beyond just offering equity options to now include a broader range of risk profiles to support an increasingly diverse customer segment”, founder and chief executive Dean Anderson says.
Kernel’s expansion out of equities comes at a pivotal time in markets and may prove to be well timed, with the 12-month rolling Australian ETF asset class flows showing cash and fixed Income products taking 75% share in the year to September 30.
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