NZX to launch nine ETFs giving investors global exposure

Tue, 21 Jul 2015

By Paul McBeth July 22 (BusinessDesk) - NZX, the stock market operator, plans to launch nine new exchange traded funds to offer investors exposure to a raft of international stock markets. The Wellington-based company's Smartshares unit has registered a prospectus to launch the new ETFs, which will invest in underlying funds offered by Vanguard, the world's biggest mutual fund company with about US$3 trillion under management, NZX said in a statement. The new ETFs take Smartshares' offering to 19, with 10 existing funds offering exposure...

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