Funds

Funds are not a standalone asset class, but rather a scheme where lots of investors put their money together, and then have the money invested into lots of different assets like shares, bonds, or cash – giving you lots of diversification at once. There are many types of funds, for example, active funds (where there is a professional fund manager who decides where and how to invest the money), and passive funds (where the money in the fund is invested in a market index e.g. Top 50 companies in the NZ market).

How to invest: You can buy funds through a platform like InvestNow or Sharesies, or direct from a fund manager like Kernel or Simplicity.

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