NZ Funds launches new options
It includes an income strategy, inflation strategy and growth strategy fund. The fees are in line with those charged by KiwiSaver, ranging up to 1.65%. Investors can invest direct but there is no additional fee in using a financial adviser.
NZ Funds said the funds were designed for individuals or joint investors saving for retirement or other specific goals.
“WealthBuilder offers two ways to invest, using either SelfSelect or LifeCycle. SelfSelect offers an investor the ability to determine their own asset allocation using the three WealthBuilder Portfolios: Income, Inflation and Growth. LifeCycle automatically allocates a client's investment across the three WealthBuilder Portfolios each year based on their age. It is designed to ensure that a client's asset allocation is consistent with their investment timeframe at all times.”
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