Fund Hosting New Zealand

What is Fund Hosting and who is it for?

The Fund Hosting service offered by IIS is similar to the third party responsible entity services that are available within the Australian market. Fund Hosting involves the issuing and managing of funds, under IIS’s MIS licence, on behalf of an investment manager who wants to provide NZ investors with access to their investment solutions in PIE funds.

The IIS Fund Hosting service is suited to a wide range of clients, including domestic and international investment managers, KiwiSaver providers, private wealth/advice firms, family offices and specialist investment groups.  IIS’s expertise is in working with clients to deliver expert solutions to complex problems.

IIS is licenced as a “manager of a registered scheme” under New Zealand’s Financial Market Conduct Act 2013 (FMC Act).  This enables IIS, through our Fund Hosting business, to issue and manage funds in NZ for:

  • offshore investment managers who want to offer PIE-compliant funds to NZ investors, but don’t want to go through the licencing process themselves; and
  • domestic investment managers who want to outsource the issuing and managing of their funds, so they can concentrate on investment management and distribution activities; and
  • adviser and family office groups who want to create bespoke investment fund solutions as part of their investment proposition or to create economies of scale; and
  • wholesale investors like superannuation schemes and tax exempt groups who want to create economies of scale and better portfolio outcomes by using funds to aggregate their investments with other like-minded investors.

The IIS Fund Hosting business recognises the benefits provided from working with leading organisations, and business partners include Public Trust (trustee services and custody), MMC (fund administration, unit pricing, registry and custody), BNP Paribas (fund administration and custody), Adminis (fund administration, unit pricing and registry), PWC (audit), and DLA Piper (legal).

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