Nikko Asset Management has launched a new KiwiSaver Scheme which allows members to invest directly via the global firm.
The scheme currently offers a selection of eight funds; members will have the freedom to invest in as many funds as they wish and amend their fund choices at any stage, and the funds range from low to high levels of volatility. Potential investors can choose from a selection of specialist asset class funds focused on local and global shares, NZ cash and corporate bonds, an option fund and three multi-sector diversified funds.
The minimum ongoing voluntary contribution amount is $20, and the minimum investment amount is $250.
“We have been managing portfolios for large institutional investors for many years and we’re now delighted to offer our capabilities to KiwiSaver members,” says managing director George Carter.
“This enables individuals to access the same high level of service, quality and performance that the Nikko Am Group has built its global reputation on over the past 59 years.”
As an added incentive, Nikko AM is planning to waive its management fees for the KiwiSaver Scheme until the 31st March 2019. “This makes for an exceptionally attractive offering in the market,
Nikko AM currently has over $5bn under management, and was recently names Morningstar’s NZ Fund Manager of the Year.
Applications for the Nikko AM KiwiSaver Scheme are available from the 12th April.