InvestNow update – October 2019
InvestNow FUM and investors are growing steadily each month, with over 15k investors and FUM of over NZ$360m as at end of September. Investors include individuals, family trusts, joint accounts and and companies.
Term Deposits update
The latest addition to the InvestNow suite of Term Deposit products is from the China Construction Bank (CCB).
Alongside the 100+ managed funds, InvestNow provides Kiwi investors with the ability to invest in term deposits from ANZ, BNZ, CCB and SBS Bank. Gone are the days where investors need to open an account with every bank in town in order to get the best TD rate. With an InvestNow account investors can manage their TD investments all in one place and switch their money between banks, all without the need to visit the bank again.
The TD rates on InvestNow, when compared to the high-street rates on Interest.co.nz for the major banks, are compelling.
New fund added
InvestNow has recently added the PIE Funds Australian Dividend Fund to the existing suite of managed funds on the platform. PIE Funds is a NZ based boutique fund manager with the simple philosophy of outperforming the markets by investing in growth companies. The Fund’s investment objective and strategy is to deliver investors long-term capital growth over 5 years plus. It is invested predominantly in Australian-listed smaller growth companies which pay a dividend, where they consider value is greatest and opportunity for earnings growth is high.