Recently, the NZX passed new rules making it easier to list PIE funds on the New Zealand sharemarket, which could open up new opportunities for IIS clients.
IIS has carried out a thorough analysis of the NZX rules to understand the mechanics of running listed funds under the new regime – with an eye on offering the service to fund-hosting clients in the future.
Listed funds could provide a range of benefits to clients, including:
- opening up new distribution opportunities, especially with clients and adviser groups who have a preference for listed vehicles;
- helping build brand and profile with investors in a new channel;
- allowing funds to be more-readily included in investment mandates that are restricted to listed assets;
- enabling the investment manager’s anti money laundering and countering of financial terrorism (AML/CFT) responsibilities to be largely outsourced to the intermediary handling the listed fund transaction.
If you are interested in understanding more about listing funds in NZ, please contact us.