Want US share with your global equity fund? No thanks

The most interesting fund is a global fund which excludes United States shares; the Kernel World ex-US Funds (hedged and unhedged).

These funds invest directly in a broad mix of securities across 23 developed markets outside the United States. Available in both hedged and unhedged versions, they enable investors to control how much exposure they want to the world's biggest market, with a single trade enabling them to diversify across the remaining developed markets in a low-fee and tax-efficient manner. Investors could complement the World ex US fund by dialling up or down the Kernel S&P 500 Fund, or choose to self-select direct assets.

Direct investment in underlying securities ensures both transparency and tax efficiency for New Zealand investors.

The other new funds are the Kernel Conservative Fund and Kernel Australia 100 Fund.