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Summary
- Investing in stock market is an outstanding way to build wealth.
- New Zealand Stock Exchange (NZX) offers a place to investors for buying and selling the listed equities and funds of the exchange.
- The exchange provides investors with various investment tools and products like access to investment, insurance, savings, and research.
Investing offers a path to pull some money out of earnings and savings to reap benefits in the future. Investing in stock market is an excellent way to grow wealth over time. Stocks are equities that give a legal ownership to an investor who is buying the shares of a company.
The main objective of investing is to put money in one or more types of investment vehicles with the hope of making money. There are various ways to start investing with one of the fastest and easiest ways is to put money in an online investment account. Online trading offers online tools so that you can place your own buy and sell orders and track their status through to completion.
Many investors choose developed markets for investing their money to diversify their portfolios. New Zealand is an ideal destination for savvy investors as well as entrepreneurs due to its stable business environment.
New Zealand Stock Exchange (NZX)
NZX is the major equities board, which lists over 200 companies, including many of long-established businesses within NZ and a number of them from overseas. It is the premier market for the listed equities of NZX and funds in NZ.
NZX provides investors with a platform to buy and sell liquid investments, extending them the access to market information and real-time stock quotes.
NZX50 is the headline index and consists of 50 largest companies on NZX by market capitalisation.
The NZX works under a regulatory system aimed at optimising accountability, fairness, efficacy and competitiveness, and fostering confidence in all stakeholders. Under the NZX law, as soon as businesses become aware of the information, all companies are forced to reveal information that is applicable to the value of their securities.
Ways to invest in NZX
Investors get access to a variety of investment tools and products on NZX. Some of the products and tools offered by NZX are as follows:
- Exchange Traded Funds
They can be bought and sold on stock exchanges like regular shares. They enable investors to get access to a range of securities, such as listed companies or corporate bonds, spreading risk more largely. Smartshares offer a range of ETFs that trade on the NZX Main Board.
- Managed Funds
They provide access to a variety of asset classes like fixed interest, cash, property or shares as well as different sectors and countries. Investing in a managed fund involves pooling up of investors’ money with the money of other investors, and invested by a professional manager.
- KiwiSaver
It is a government’s savings initiative to assist in saving for retirement. Smartshares Limited, a wholly owned subsidiary of NZX Limited, runs the SuperLife KiwiSaver scheme. An investor gets the flexibility to choose between 40 investment alternatives and a life cycle investment option by entering into SuperLife scheme, which also reduces investment risk of savings as one reaches retirement.
- Wealth Management
NZX owns and operates NZX Wealth Technologies, its wealth management business. The Company offers investment, advises firms about the tools and platform required to operate and trade their clients' investment assets.
NZX also provides access to dairy reports, investment research, and information on equities, agriculture and energy markets. Further, NZX website also offers several tools to monitor investments and markets once an investor is trading.
