The easy way into the Australian sharemarket
SmartMOZY is an ETF that tracks the Australian S&P/ASX MidCap 50 Index. When you invest in SmartMOZY, you buy shares in a diversified portfolio of 50 medium sized Australian companies listed on the ASX.
The Australian S&P/ASX MidCap 50 Index comprises the 50 companies ranked from 51 to 100 by market capitalisation on the ASX. It therefore contains some of Australia's most exciting companies with growth prospects across a broad range of industry segments. Many of the companies will be well known to New Zealand investors.
Until now, most New Zealanders investing in the Australian sharemarket have tended to limit their investment to the largest "blue chip" Australian stocks, and have often neglected the next tier of companies. For many this is because quality information on medium sized Australian companies can be hard to come by in New Zealand.
Buying SmartMOZY solves this problem because SmartMOZY represents an investment in every company that makes up the S&P/ASX MidCap 50 Index.
Like other Smartshares, SmartMOZY has a head start in the performance race against
actively managed funds because they charge much lower management fees than most actively managed funds.