Sharesies launches new US500 fund for KiwiSaver members
Sharesies' new move gives members direct exposure to the largest 500 US-listed companies across all sectors. File photo.
Photo: 123RF
Sharesies is offering its KiwiSaver members the opportunity to invest in individual US stocks, or via a new US500 fund - but there's a warning they need to take care doing their own stock-picking for their retirement savings.
Sharesies is launching a US500 fund with direct exposure to the Vanguard S&P500 ETF which includes the largest 500 US-listed companies across all sectors.
Sharesies KiwiSaver members will also be able to choose to invest in a range of individual US stocks including Meta and Apple.
There is a 5 percent limit on investing in a single stock via KiwiSaver and at least 50 percent of the investor's portfolio needs to be in base funds.
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