Betashares PIE fund range now available on major NZ investment platforms

Alex Vynokur

Leading fund manager, Betashares, yesterday announced its range of PIE funds are now available on a number of leading NZ-based financial adviser investment platforms.

Betashares’ range of NZ-domiciled PIE funds were launched in June 2023 and provide investors with exposure to five index-tracking strategies covering Global and Australian equities as well as Australian fixed income within a tax-efficient structure for NZ investors.

The inclusion of Betashares’ PIE funds on the menus of the major NZ-based investment platforms means advisers are now able to access the strategies for their clients. Specifically, NZ-based financial advisers using the Consilium Wrap, Adminis, Apex Group, NZX Wealth Technologies and other major platforms are able to access the Betashares PIE fund range on behalf of their clients. Wholesale investors may also be able to invest directly into these funds.

The inclusion of Betashares’ PIE fund range on key platforms came as investment consultant, MyFiduciary, said the Australasian fund manager “had met all 24 criteria of the Fi360 Global Fiduciary Standard of Excellence for Investment Managers”. MyFiduciary also noted “clear and established processes and operational rigour” by Betashares as well as “a differentiated client servicing value proposition to many other fund managers.”

Betashares CEO, Mr Alex Vynokur, said the inclusion of the new PIE funds on several investment platforms will improve financial adviser accessibility to the innovative range of investment solutions.

“As a business, we’re working hard to expand our already meaningful footprint in the New Zealand market. We’re deeply committed to helping investors and their financial advisers meet their investment objectives via our innovative range of PIE funds,” Mr Vynokur said.

Betashares Executive Director – Institutional & Adviser Services, Mr Vinnie Wadhera, said the timely inclusion of Betashares’ PIE fund range was a result of early demand from NZ-based financial advisers.

“The inclusion of our innovative PIE funds on platform menus is a direct result of the significant interest shown by our trusted adviser clients. We thank these clients for their efforts to review our funds and we’ll continue to engage with them about the meaningful role our innovative investment solutions can play in their client portfolios,” Mr Wadhera said.

“Alongside the early demand for our PIE funds, we’ve also seen adoption of our Practice Development services by NZ advisers who are looking to build and scale their businesses,” Mr Wadhera concluded.