NZX to launch two Aust ETFs; Craigs appointed market maker

Mon, 08 Dec 2014

By Paul McBeth Dec. 9 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Superlife next year, will launch two new exchange traded funds giving investors exposure to Australia's property and high dividend-paying firms, and has appointed Craigs Investment Partners to act as market maker. The stock market operator has registered a prospectus for two ETFs: the Australian Property Index Trust, which invests in 16 listed Australian property companies, and the Australian Dividend Index Trust, which focuses on t...

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