What is an Exchange Traded Fund (ETF)?

An Exchange Traded Fund (ETF) is a type of investment fund that can be bought or sold on an exchange like the NZX, in the same way you buy and sell shares. When you purchase units of an ETF, you're essentially buying a basket of shares – or a small piece of all the investments in that fund.

Smart ETFs offer an easy way for investors to invest across a wide range of assets with one purchase, helping to spread risk and simplify investing.