Investing in New Zealand

Question


Hi Barefoot,

I’ve recently moved back to New Zealand. I was wondering what the NZ equivalent of AFIC is, as I am going to begin my NZ share portfolio.

Helen

Scott's Answer


Hi Helen,

You can buy AFIC (or ‘AFUC’ for you Kiwis) on the New Zealand Stock Exchange. It’s exactly the same low-cost investment company that’s been around for well over 80 years. Then again, I’m not an expert on investing in New Zealand — there may be better sheep to shear over there!

Scott