Managed Investment Schemes (MIS): Who Qualifies and What You Get
Learn how Managed Investment Schemes work in New Zealand and understand the costs and regulations involved in these investment products.
Managed Investment Schemes are regulated frameworks that allow people to pool their money together to invest in various assets. These schemes provide a structured way for individuals to access professional investment products.
Who it's for
This scheme is available to the general public.
What you get
You gain access to regulated investment products. These are overseen by a government authority to ensure they follow specific rules.
What it costs you
You will need to pay management fees and transaction costs to cover the administration and running of the fund.
The catch to know
The cost of your investment can change depending on how the fund is run. Fees differ significantly between active funds, where managers make specific trades, and passive funds, which aim to track a specific market index.
How to apply
- Research different investment funds to see which matches your goals.
- Review the Product Disclosure Statement (PDS), which is a document explaining the fund's details.
- Choose a provider and follow their specific enrollment process.
- Check the official portal for more information: https://fma.govt.nz