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Strong retail demand for ETFs

Friday 16th of September 2016

NZX has today moved the large bulk of its Smartshares business to the Financial Markets Conduct Act framework, with new product disclosure statements online this morning.

Smartshares said under the FMCA investors would get simpler and standardised information. It will pay brokerage fees for the funds out of the fund themselves rather than from their management fees, and would align Smart...

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