Learn how we maintain accuracy on our site. Each of these providers offers access to a different range of financial products. The information on this website does not constitute financial advice in any form. Some of the ETF issuers are (click each o… We’ll take an in-depth look at which provider offers what a little further down the page. For one- the management fee is not clearly stated when you search for a Vanguard ETF. However the benefits are numerous, including easy-to-track apps, a community focused on investor educations, and continuous roll-out of new features. NASDAQ, NYSE, BATS, Chicago Stock Exchange, and more. regularly, How to buy Innoviz Technologies (INVZ) stock in New Zealand when it goes public, How to buy Roblox Corporation (RBLX) stock from New Zealand when it goes public, PS5 vs Xbox Series X: Performance, price, features, games and more. Here’s everything we know so far about the Roblox Corporation IPO. … The annual subscription fees ($30/year) are the highest for small investors which may discourage some to join, especially when InvestNow and Smartshares offer the same funds without a subscription fee. Want to know how to trade or invest in the NZX? We may receive compensation from our partners for placement of their products or services. In this video I'll be looking at the two main DIY investing platforms in New Zealand, Sharesies and Investnow. Sharesies. You can set up a Sharesies account if you’re an NZ resident aged 16 years or older and you have an NZ bank account. We may also receive compensation if you click on certain links posted on our site. Invest in more than 3,500 US companies and exchange-traded funds (ETFs). Optional, only if you want us to follow up with you. Ultimately, your investment goals and appetite for risk will help determine the platform you choose. The fees vary, as does the minimum investment, and as more entrants come to the market, we expect the fees charged to fall as competition heats up. Through Sharesies you can buy and sell shares in over 2,300 US companies listed on the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). There are 25+ funds in total, outlined below in the categories of: As a Sharesies member, you'll pay between $18 to $30 per year as a subscription fee. InvestNow doesn’t charge any transaction fees, but you’ll need to pay a fee to the fund manager. The benefits of Sharesies is that investments can be as little as $5, but for a serious investor willing to contribute at least $1,000 a year to their fund, the free fee offering from. Some are low risk, some a medium risk and some are high risk. Finder ROW Pty Ltd (ABN 38 624 431 750) provides factual information on and compares many, but not all, products and services. There are now more than 60,000 New Zealanders invested in Smartshares, either directly or via its SuperLife KiwiSaver business, or through financial advisers and investment platforms, Sharesies and Invest Now. Fee amounts and pricing structures vary depending on the platform you choose. Finder speaks with 33 investment experts about what the future of investing might hold. The $1.50 - $3.00 per month fee is poor value for money if you only have a small investment - for example $18 on a $500 investment is a 3.60% management fee (the range is usually 1-3% among New Zealand fund managers). This eliminates exchange rate movement as an investment risk, so your overseas portfolio won’t be affected by the day-to-day movements of the Kiwi dollar. Too many New Zealanders were priced out of investing, she said. Hatch gives Kiwis easy access to the United States sharemarket, and with this access comes the opportunity to invest in 754different US domiciled ETFs!!! If you want to invest directly in NZ or US shares, Sharesies is the clear choice. So basically Superlife got the most function and investment option. It plays an important part in my plan to achieve financial freedom by only do a few smart things and nothing much else. ... (e.g. The Smartshares range of ETFs includes socially responsible international equity exposure, access to Robotics & Automation and Healthcare Innovation ‘megatrends’, and passive global bonds. This is the best way to increase the value of your investment. Sharesies provides access to over 30 ETFs on the NZX, as well as ETFs from the New York Stock Exchange (NYSE), Nasdaq, and the Chicago Board Options Exchange (CBOE). However, other platforms can be cheaper and don't charge such fees. Over the course of his 15-year writing career, Tim has reported on everything from travel and personal finance to pets and TV soap operas. However, an annual $30 subscription fee applies, whereas members of. You can trade shares in more than 165 companies and ETFs listed on the New Zealand Stock Exchange (NZX), including well-known names like Spark and The A2 Milk Company. All international Sharesies funds are 100% hedged to the New Zealand dollar. Sharesies offers many funds which are also offered by. For the purposes of this review, we cover the New Zealand-orientated shares and funds: our comparison of Sharesies with Hatch and Stake is, Comparing Sharesies vs Investnow vs Managed Funds and more. An index fund is a type of investment that is established to invest in or track the components of a market index, such as the New Zealand NZX50 (our largest 50 companies) or the Standard & Poor's 500 Index (S&P 500). Leading online share portfolio tracker & reporting tool for New Zealand investors. The Wellington-based platform offers investment into over 170 NZX-listed companies and 35+ managed funds, with subscription fees starting at $1.50 per month for balances over $50. Share brokerage fees also apply, as do management fees when you invest in an ETF or managed fund. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Interactive Brokers offers some of the lowest brokerage fees on the market, but there are caveats you need to be wary of. The platform's low transaction fees for NZX share purchases is game-changing. While we receive compensation when you click links to partners, they do not influence our content. Our, Want to compare ETFs with shares? Sharesies is a good initiative for new and/or small investors looking for affordable exposure to local and global sharemarkets without the need to dig deep. With the ability to invest in any NZX-listed company, and the array of index funds offered, there is significant choice for most investors. Index Funds, ETF, SmartShares, Sharesies, Hatch, Investment There has been a sudden interest in the share market and it has me worried. As an alternative. Sharesies is again the highest cost provider across pretty much all time ranges. The three Pathfinder funds offer socially responsible investment for as little as 1 cent, unobtainable for less than $5,000 before Sharesies. ANZ offers six KiwiSaver plans and a handy Lifetime Option for investors. We are an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Invest in environmentally and socially responsible global equities, megatrends and passive global bonds for the first time with Smartshares. To explain a bit more, Sharesies users are given the opportunity to invest in eleven funds – each one a different risk profile. Sharesies charges a 0.4% currency conversion fee, while the following transaction fees apply in USD: InvestNow and Smartshares don’t allow you to buy shares in US companies directly, but they do offer exposure to US stocks through managed funds and ETFs, respectively. To buy US shares, you’ll need to convert your NZ dollars into US dollars. For a quick breakdown, check out the table below. MoneyHub is not a Financial Adviser, and this guide has been published to explain the investment fundamentals and outline the pros and cons of Sharesies as an investment platform. Sharesies allows people with a minimum of $5 to invest to put their money into Smartshares exchange-traded funds. "We want all New Zealanders to know investing is an option for them. Here’s everything we know so far about the Innoviz Technologies IPO. The funds available are offered by Pathfinder Asset Management (an. We take a closer look at six popular EV stocks and what they have to offer to Kiwi investors. InvestNow offers access to more than 140 funds from over 20 NZ and global fund managers, including: You can choose from a regular investment plan or a one-off investment, and access funds that target international shares, listed property, fixed interest and more. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. The two other funds offered by Sharesies are run by Pathfinder, a fund manager which specializes in socially responsible funds. The company is a business owned by NZX - the company which runs the … Hi guys, Looking to start investing but there are soo many apps and platforms in NZ alone! Here’s how you can buy shares in it from New Zealand. Sharesies isn’t for the short term. Index funds historically outperform managed funds. Sharesies offers a choice between a monthly or an annual subscription, but the cost of a monthly subscription depends on the size of your portfolio. We like the Pathfinder funds as alternatives for socially-minded savers, but the Smartshares offering now includes a number of sustainable funds. Sharesies has grown to. Visit our, You’ll also need proof of address and a form of ID, To keep your Sharesies active, you must pay the monthly or annual subscription fee, You’ll need to pick which fund(s) you want to invest in based on your sensitivity to risk, Socially responsible investments (Pathfinder), The Australasian Dividend Fund (refer to the, Want to compare Sharesies with Hatch and Stake for. Friday, October 27th 2017, 12:44PM. As is the case with any index fund or equities investments, markets go up and down. From the perspective of user experience, Sharesies goes beyond all expectations and delivers a friendly platform that is rich in design while making investments easy. You do however get the option of being paid out in cash when a dividend is declared, and the value will be sent to your bank account. InvestNow is an online investment platform based in Wellington. We’ll look at the fees, features and available markets each provider offers to help you find the right investment service for your needs. Sharesies, InvestNow and Smartshares all have their strengths and weaknesses. There is no subscription fee for anyone with a portfolio balance below $50. The underlying investment funds offer diversity in the sharemarket (both in New Zealand and overseas) without significant risk. NZ shares: Sharesies vs InvestNow vs Smartshares. I've made a table to compare four investment service in NZ. Sharesies vs InvestNow vs Smartshares: Available markets, Data indicated here is updated Annual management fees are charged as a percentage of your total investment, but the percentage amount varies depending on the ETF. Sharesies offers a great number of funds for a new investor - the 35+ currently available offer diversity and won't overwhelm the investor looking for the most suitable fund. If you’re looking to trade US stocks from NZ, the most direct way of these to do so is via Sharesies. Who is the company behind it? This guide features a Sharesies vs InvestNow vs Smartshares comparison. Smartshares - these are a sharemarket or equity investment. If you are unsure you should get independent advice before you apply for any product or commit to any plan. Check out the table below to find how much it costs to invest with Sharesies vs InvestNow vs Smartshares. Sharesies is a great advancement for New Zealanders of all ages looking at an affordable way to enter the sharemarket locally (and overseas) without their investment being eaten up in brokerage fees. For this reason, only specified socially responsible funds are indeed suited to certain socially-minded investors. You can set up a Kids Account for someone under 18, but it will need to be linked to an adult’s account. If you are an active or aggressive saver/investor and want a fund manager to continuously pick shares or other securities for short/medium term investment, Sharesies is not for you. ​Our priority is accurate information. There are no brokerage fees when you buy an NZ ETF, but they do apply when you buy an ETF on a US exchange (0.5% on orders up to $3,000 and an additional 0.1% on amounts above $3,000, charged in USD). For example, the NZ Top 50 Sharesies fund invests in the 50 largest New Zealand listed companies, so you are well diversified. Sharesies have the same management fee with SmartShare, but they charge $30/year on admin fee. Launched in June 2017, Sharesies is an online investment platform that provides investors with access to over 3,000 companies and funds in NZ and the US. There are four products in the range, TENZ, MIDZ, FONZ and MOZY. You should also be aware of the 0.4% exchange fee when you convert NZD to USD. you. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Meanwhile, Smartshares also offers access to a wide range of 35 ETFs. Which one is the most secure or safe if I wanna put my money in there for say (just wondering, not my intention) retirement or like 10+ years long term. Electric vehicle (EV) stocks to watch and how to invest, Review: Interactive Brokers online share trading broker, From $0 to $3, depending on the value of your portfolio, 0.5% for orders up to $3,000 and 0.1% for order over, 0.4% exchange fee when you change NZ dollars into US dollars. What are the differences between those available platforms? We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide. Types of Funds. The funds offered tick the box for diversity while staying committed to market heavyweights in New Zealand, Australia, the USA and Europe. In practice, an investor could purchase a fraction of every share on the NZX for less than $2 (including transaction fees), signalling just how cost-effective the transaction costs are. Meanwhile Sharesies charges annual or monthly subscription fees for its services (on top of fund fees). If you’d like to buy and sell NZ shares directly, Sharesies is once again the only one of these three platforms that allows you to do so. ( https://www.smartshares.co.nz ). N/A (although there is a $250 minimum investment). If you’d like to make regular contributions to your investment portfolio, Sharesies makes it easy. Our. This varies depending on the fund you choose — as a general guide, expect to pay anywhere between 0.2% and over 3%. Sharesies may not be for everyone. For example, while you can use Sharesies to invest in shares, ETFs and managed funds, InvestNow provides access to managed funds and term deposits. Our dedicated, Want to know about ethical investing and the opportunities available? They are funds that hold shares in lots of companies, so I think of them as being in the first category. Sharesies' auto-invest feature offers four options: With the Sharesies app in beta mode, you can get a lot of data about your investment every time you log in. Sharesies vs. Smartshares vs. Hatch. The process is fairly quick; you'll need a form of ID (New Zealand driver licence or New Zealand passport) and your IRD number. thesmartandlazy.com ETF and Index Fund are simple, low-cost and diversified investment option with a positive result in the long term. The other funds contain New Zealand and overseas heavyweights, including defence/arms manufacturers and oil drillers. Ultimately the monthly/annual fees make it less competitive than other platforms, meaning $18 per year on a $500 balance is a high price to pay. Now InvestNow added SmartShares ETF into their offerings, it further lower the cost of US500 ETF. Sharesies is a Wellington-based platform that offers you access to over 170 companies listed in New Zealand. Everything else is the same as Smartshares when it comes to the underlying investments, but the difference is the monthly or $30 annual fee for Sharesies ($0 for Smartshares) and the minimum contribution is 1 cent (but $500 for Smartshares). All indexes are now at record highs, but this is no guarantee of future earnings. Certain funds not marked as “sustainable” may make investments in companies trading in weapons, tobacco, nuclear and other “unethical” business. 35 ETFs across NZ, Australia and global stock exchanges. Sharesies and Smartshares both allow you to invest in ETFs. Many of the shares your fund invests in will pay dividends. Want to compare Sharesies with Hatch and Stake for US Shares? With regards to user experience, Sharesies makes logging in seamless. Nine of these funds are operated by SmartShares, an index fund manager owned by the NZX. Invest Now, which launched in March and is in the process of buying Rabo Direct’s managed funds business, has over $100 million under management. If you decide to apply for a product or service through our website you will be dealing directly with the provider of that product or service and not with us. They’re designed to make it easy to invest in shares, exchange traded funds (ETFs) and managed funds — but how do you know which of these investing platforms is the best choice? It takes about ten minutes via their online form and payment options are made clear during the process. Sharesies promotes two funds which are socially responsible – the Global Responsibility Fund and the Global Water Fund. The transaction fees for NZX-listed companies are low, and because Sharesies offers fractionalised shares, investors can invest as little as 1 cent in any share or fund. People have invested $7 million through Sharesies since its beta version launched in June. US 500 ETF at low contribution To gain exposure to NZ shares on InvestNow or Smartshares, you’ll need to consider a managed fund or ETF. There’s no joining fee, meaning every dollar you invest goes directly to your Smartshares holdings. According to Fortune Magazine, the S&P 500 (the major American sharemarket index) outperformed more than 82% of all active funds over a 15-year period. We may also receive compensation if you click on certain links posted on our site. Examples are the Smartshares US 500 ETF (investing in the United States), Smartshares Emerging Markets ETF (investing in emerging markets e.g. We are a journalistic online resource with the aim of providing New Zealanders with the best money guides, tips and tools. Understandably, as balances increase, the annual fee as a percentage of investment balance falls. Being able to buy shares worth $200 for a $1 fee is market-leading, although it's essential to understand that the $30 annual fee for being a Sharesies member will still apply. The index fund benefits from low operating expenses and management fees due to the fact that the fund must invest in the companies within the index and therefore doesn't need fund managers to make judgments or research in order to make the investments. Smartshares Exchange Traded Funds – read our Investment Statement and learn more about our products. CORE SERIES; S&P/NZX 50 ETF (NZG) S&P/ASX 200 ETF (AUS) US 500 ETF (USF) TOTAL WORLD ETF (TWF) TOTAL WORLD (NZD HEDGED) ETF (TWH) S&P/NZX NZ GOVERNMENT BOND ETF (NGB) For example, if you receive a $100 dividend and the ETF is currently priced at $2.00, your ETF will buy 50 more Sharesies on your behalf. Sonya and Brooke launched Sharesies in June this year to remove some of the complexities around investing and help young New Zealanders grow their money. They charge an admin fee, but have a nicer front end than NZX and are a little more flexible. When he’s not staring at his computer, you can usually find him exploring the great outdoors. Comparing Sharesies vs Investnow vs Hatch and more, Top 10 New Zealand Personal Finance Experts, Trusted Insurance Brokers in Christchurch, American Express Airpoints Platinum Review, Best Foreign Currency Debit & Credit Cards, TransferWise International Money Transfer Review, Renting Directly to Tenants vs Using an Agent, Trusted Mortgage Brokers in Napier and Hastings, Fixed or Floating Mortgage Rate Calculator, How to Check Your KiwiSaver Contributions, New Zealand Defence Force KiwiSaver Scheme, 65+ Best Online Shopping Websites in New Zealand, The Complete Guide to Renting in New Zealand, Hardship Assistance - Urgent Costs and Living Expense Assistance, Student Job Interview Questions and Answers, Investment options specific for young people and outside of the housing market have been few and far between for young people in New Zealand. Our values statement is simple: MoneyHub exists to give every New Zealander the information they need to make better financial decisions. When you invest with Smartshares, you’ll need to pay a one-off establishment fee. Sign up. And because it also offers access to ETFs and managed funds, Sharesies wins points for offering potential diversification. Sharesies runs a subscription fee to use their platform, starting at $1.50 per month to use its platform for balances over $50. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. For example: An investment in one Sharesies fund means you’re putting money into a number of companies, so if one doesn’t perform as expected the strength of other companies will balance out the bad eggs. Confirm details with the provider you're interested in before making a decision. InvestNow, Smartshares and Simplicity are now able to enter the championship ring. Customer support is limited to email and social media, and the team won’t offer any form of financial advice as to what fund(s) to invest in. Here is the table. The US 500 fund is an example of that. NZX Funds Management own and run Smartshares. Smartshares funds sit on the fence between the two. Direct from a fund manager. Everything else is the same as Smartshares when it comes to the underlying investments, but the difference is the monthly or $30 annual fee for Sharesies ($0 for Smartshares) and the minimum contribution is 1 cent (but $500 for Smartshares). NZ shares: Sharesies vs InvestNow vs Smartshares Finder is committed to editorial independence. Fund Platforms are a good option for everyone – both beginners and experts – as they allow you to invest in lots of different funds under one roof. However, there are other easy-to-use share-trading platforms, such as Stake, that let you buy US shares from New Zealand. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Participants looking to invest in a low risk, index fund with low fees can find a lot of choice from the Sharesies funds. Great for beginner to start because of low entry requirement. SmartShares vs SuperLife vs Simplicity vs InvestNow. While most funds are free to buy and sell, to get the most out of index funds you’re looking at a 5-10 year investment plan. Launched in March 2017, it provides access to over 140 managed funds and a range of bank term deposits. Sharesies vs InvestNow vs Smartshares: How much does it cost to invest? After providing proof of ID and address, you’ll need to decide your initial investment and what fund to pick. If you’re doing a Sharesies vs InvestNow comparison, you’ll be interested to learn that both providers provide access to managed funds. Put your money where your heart is. But the new NZG fund for InvestNow and Smartshares proves cheaper than Simplicity. 10 Top Investments for Young New Zealanders, Investing in the US Stock Market from New Zealand, Barefoot Investor-Friendly Financial Products in New Zealand. Simplicity is better than Superlife and Sharesies, as well as the SMartshares FNZ fund, for amounts of more than $3,000. To put my money where my mouth is, over 90% of my investment are in ETF and Index Fund. With Hatch, you can back anything from clean energy and cannabis, to gender equality and the gig economy. This means that even if we’ve only received a 1% dividend for the year, we pay tax as if we had received 5%. But InvestNow and Smartshares both offer a wide range of choice of managed funds and ETFs respectively, so they’re well worth considering if you want to invest in those options. Sharesies is available for anyone who is 16+ years of age, an NZ resident, and has an NZ bank account. 0.5% transaction fee for orders up to $3,000, An additional 0.1% fee for amounts above $3,000, ETFs that invest in NZ, Australian, US or international shares, ETFs that track the performance of a specific index, such as the NZX 50 or the ASX 200, Environmental, Social and Governance (ESG) shares. We welcome your stories, tips and any feedback via. Tim Falk is a freelance writer for Finder, writing across a diverse range of topics. The upside with smartshares is no fee to buy or sell directly with them (AFAIK) whereas with an ASX traded ETF like Vanguard will have brokerage fees to buy and sell (0.3% with ASB securities online). Given the low fees an index fund charges and the reliability in outperforming active funds, it's a relatively conservative approach to investment for your retirement. InvestNow vs Sharesies . Sharesies fund takes 11 years to get to an annual cost of investing of below 0.7%. This means you can buy 1 cent of an A2 Milk share or Air New Zealand share. InvestNow is a New Zealand-based investment platform that provides online access to KiwiSaver, Managed Funds and Term Deposit investment options. They do not manage your funds – instead they act as a “middleman” between investors and Fund Managers. Both platforms make their money by charging fund managers for hosting their funds. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. ​We cannot accept liability for any decision made based on our information. Sharesies is a very simple service that buys from the NZX Smartshares portfolio, but only a subset of them. It's quick to sign up. You set the amount you want to invest/pay, the frequency (i.e. We can't guarantee everything contained on this website will be perfect - you use the information contained on our website and all social channels at your own risk.​. Simplicity and Smartshares both offer ETF-based investments. Therefore SmartShares contribution the cheapest option for US500 ETF investing. Making your initial investment in Sharesies is very straight forward for even the most inexperienced investor. Other funds invest in 500 or more companies, meaning you are well diversified. For investing in New Zealand index funds, you can buy and sell Smartshares directly with. These include: Smartshares charges a $30 setup fee when you first apply, while annual management fees vary depending on the fund you choose and range from 0.20% to 0.75%. Management fees are built into the price of ETFs and managed funds and are charged by the fund manager Sharesies partners with. weekly, monthly) and then the start date. In short, it’s a “set and forget” offering based on the rationale being that market investment always beats a fund manager in the long term with the risks being relatively low and the returns seen to be reliable. ETFs that invest in global trends, such as technological innovation. We compare the PlayStation 5 and Xbox Series X, including specs, design, controllers and games. An index fund provides diversity in risk, as your investment is spread over many companies within the index, proportioned by the size of each company's market value. While we receive compensation when you click links to … This means there is no annual fee to hold Smartshares (Simplicity and Sharesies both charge $30 per year on top of their fund management fees - the $30 Smartshares establishment fee is a one-off). Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Subsequent investments have no fee applied. An index fund is different to many other managed funds, which have investment managers working to predict market movements and make investments on your behalf to add value to your portfolio. They also offer more than 35 funds, some of which are Vanguard funds mediated through SmartShares. BNZ offers six KiwiSaver funds for different risk profiles, including a unique First Home Buyer Fund. The returns/profit you make don’t necessarily depend on the risk you take. They have low minimum investment amounts, … It created New Zealand’s first ETF in 1996 and is headquartered in Auckland. Fund Platforms are services that offer you access to a variety of different funds to invest in, sometimes described as a “Fund Supermarket”. Are also offered by Sharesies are run by Pathfinder Asset management (.! Decide your initial investment in Sharesies is again sharesies vs smartshares highest cost provider across pretty all! On a deemed dividend of 5 % your initial investment and what they to! 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Sharesies and Smartshares proves cheaper than simplicity fund for InvestNow and Smartshares other! An investor $ 18-30 per year compared to Sharesies fee to the manager... Want to know about ethical investing and the opportunities available Smartshares ETF into their offerings it. Obtainable for young people convert your NZ dollars into US dollars trade or invest in 500 or more,! Xsx video game console war, including specs, design, controllers and games on ETF. Us500 ETF investing of these providers offers access to sharesies vs smartshares 140 managed funds, some a medium risk and are! Were priced out of investing of below 0.7 %, you ’ re required to 28... Platforms, such as technological innovation, controllers and games to compare Sharesies with Hatch and Stake for shares. We compare the PlayStation 5 and Xbox sharesies vs smartshares X, including specs design! Investing platforms in New Zealand and overseas ) without significant risk apps platforms. Via Sharesies are also offered by Sharesies are run by Pathfinder Asset management (.. Offer a unique first Home Buyer fund equity investment their wealth “ middleman ” investors. Do n't charge such fees 120 funds, Sharesies is again the highest cost provider across pretty much all ranges... Shares in it from New Zealand investors specified socially responsible funds funds – each one a range... Many funds which are also offered by Sharesies are run by Pathfinder, fund. D like to make better decisions to the s & P/ASX 200, how works! Every New Zealander the information on this website, but information can change between.. Platform offering around 120 funds, some a medium risk and some are high risk an...

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