Battle of the index funds: Investnow new index funds

A couple of months ago I wrote an index fund series comparing New Zealand’s biggest and cheapest index fund providers for regular investors.

Since then, Investnow have brought out 5 new Smartshare index funds due to customer demand. 2 of the 5 funds are in the index fund series.

The emerging market fund (EMF) and the NZ property fund.

The emerging market fund has been introduced with a management fee of 0.59%. The NZ property fund at 0.54%.

Read the linked articles above for more information on the comparisons.

So, how do these new funds compare to the competition and does this change anything?

EMERGING MARKET FUND

Current as at March 2019

Current as at March 2019

Current as at March 2019

Current as at March 2019

Current as at March 2019

Current as at March 2019

Straight into the winners seat. It is not by a huge margin, but still nothing to sneeze at.

How about their new NZ property fund? How does that compare?

NEW ZEALAND PROPERTY FUND

Current as at March 2019

Current as at March 2019

Current as at March 2019

Current as at March 2019

Current as at March 2019

Current as at March 2019

InvestNow comes in hot at lower investing amounts. Superlife overtakes at amounts of over $60,000. Second place for InvestNow is still respectable, as the investing amounts get larger, the Superlife advantage grows.

Superlife has a lower management fee of 0.49% and that is why it improves as the investing amounts grow. The only reason they start off slightly behind, is due to their $12 administration fee. $12 has a larger impact on lower investing amounts than it does on higher amounts.

All in all, some great new offerings from InvestNow, and if you are a fan of their platform you should find some good value in these new service offerings.

The information contained on this site is the opinion of the individual author(s) based on their personal opinions, observation, research, and years of experience. The information offered by this website is general education only and is not meant to be taken as individualised financial advice, legal advice, tax advice, or any other kind of advice. You can read more of my disclaimer here