Managed funds
Access the expertise of professional fund managers
Invest in 29 actively and passively managed funds from established NZ fund providers such as Pathfinder, Pie Funds, and Milford Asset Management on Sharesies.
What’s a managed fund?
A managed fund groups money together from many different investors, and spreads it across a diversified mix of investments—like shares, bonds, or property.
The investments are hand-picked by a professional fund manager based on an investment strategy—for example, achieving a particular objective or outperforming a benchmark index like the S&P 500.
Managed funds on Sharesies
Fisher Funds
Managed Funds from Fisher Funds available on Sharesies:
Fisher Funds Conservative Fund
Fisher Funds Balanced Fund
Fisher Funds Growth Fund
Fisher Funds Aggressive Fund
Fisher Funds New Zealand Growth Fund
Fisher Funds Income Fund.
Fisher Funds Management Limited is the issuer of the Fisher Funds Managed Funds. For the Product Disclosure Statements and to learn more about these funds, check out Fisher Funds' website.
Harbour Asset Management
Harbour Asset Management Funds available on Sharesies:
Harbour T. Rowe Price Global Equity Fund
Epoch Global Quality Select Equity Fund
Harbour Growth Fund
Harbour Income Fund.
Harbour Asset Management Limited is the Manager of the Harbour Investment Funds. For the Product Disclosure Statements and to learn more about these funds, check out Harbour's website.
Mercer
Mercer funds on Sharesies:
Mercer All Country Global Shares Index Fund
Mercer Responsible Trans-Tasman Shares Fund
Mercer (N.Z.) Limited is the manager of the Mercer Investment Funds. For the Product Disclosure Statements and to learn more about these funds, check out Mercer's website.
Milford Asset Management
Milford Asset Management funds on Sharesies:
Milford Active Growth Fund
Milford Aggressive Fund
Milford Australian Absolute Growth Fund
Milford Trans-Tasman Equity Fund
Milford Funds Limited is the manager and issuer of the Milford Investment Funds. For the Product Disclosure Statements and to learn more about these funds, check out Milford’s website.
Pathfinder
Pathfinder funds on Sharesies:
Pathfinder Global Property Fund
Pathfinder Global Responsibility Fund
Pathfinder Global Water Fund
Pathfinder Asset Management Limited is the manager of the Pathfinder Investment Funds. For the Product Disclosure Statements and to learn more about these funds, check out Pathfinder’s website.
Pie funds
Pie Funds’ managed funds available on Sharesies:
Pie Conservative Fund
Pie Growth UK & Europe Fund
Pie Australasian Growth 2 Fund
Pie Global Growth Fund
Pie Global Growth 2 Fund
Pie Fixed Income Fund
Pie Property & Infrastructure Fund.
Pie Funds Management Limited is the issuer and manager of the funds in the Pie Funds Management Scheme. For the Product Disclosure Statement and to learn more about these funds and the scheme, check out Pie Funds' website.
Smartshares
Smart funds on Sharesies:
NZ Core Equity Trust
Smartshares Limited is the issuer of the NZ Core Equity Trust. For the Product Disclosure Statement and to learn more about this fund, check out Smart's website.
TAHITO
TAHITO funds available on Sharesies:
Tahito Ethical Sustainable Fund
Clarity Funds Management Limited is the manager of the TAHITO Te Tai o Rehua Fund. For the Product Disclosure Statement and to learn more about this fund, check out TAHITO's website.
Salt
Salt Investment Funds available on Sharesies:
Salt Long Short Fund
Salt Global Listed Property Fund
Salt Global Listed Infrastructure Fund
Salt Investment Funds Limited is the manager of the Salt Investment Funds. For the Product Disclosure Statement and to learn more about these funds, check out Salt’s website.
Why invest in managed funds?
Whether you’re investing in a managed fund for yourself, your business, or your trust, you can get the same potential tax, diversification, and performance benefits.
Potential tax benefits
Most managed funds in NZ are set up as portfolio investment entities (PIEs). PIE income tax is based on your prescribed investor rate (PIR) rather than your ordinary income tax rate, which means you might pay less tax compared to other investments.
Diversification
When you invest in a managed fund, your money is spread across a group of investments, instead of just one company.
Carefully selected
Managed funds aim to achieve a particular objective or to outperform market benchmarks—like the S&P 500.
What type of fund is right for me?
The type of fund that’s right for you depends on factors like your risk appetite, investment timeframe, and goals.
Fund type | How it's managed | Who it might suit |
|---|---|---|
Actively managed fund | Manager selects investments to beat a benchmark | Investors who want a specialist to manage decisions |
Index fund (passive) | Tracks a market index automatically | Cost-conscious investors happy to match market returns |
Growth fund | High equity weighting; can be active or passive | Longer-term investors comfortable with higher short-term volatility |
Balanced fund | Mix of growth and defensive assets; often passively or rule-based | Medium-term investors seeking diversification across asset classes |
Income/bond fund | Focuses on fixed-income assets; lower volatility | Investors seeking steadier returns or lower risk exposure |
Fees for managed funds
We don’t charge our transaction fee on managed fund orders (though the fund provider might charge a transaction fee).
Whether you access a managed fund through Sharesies or through the fund provider, you’ll be charged the same management fee.
When you invest in an ETF or managed fund, you’re charged a management fee. This is charged by the fund provider—not Sharesies—and included in the unit price.
The fee pays for the fund’s management, distribution, and operational costs.
The management fee is different for each fund, so check the fund info before you invest.
Orders for managed funds (funds not listed on an exchange) aren’t charged our transaction fee. But, we do charge the managed fund provider a fee, which you can expect to make up some part of the management fee they charge.
Managed funds may charge a transaction fee when you buy and sell units. This is also known as a ‘spread fee’.
The fee is added to the price when you buy, and deducted from the price when you sell. This is charged by the fund, not Sharesies.
Ready to build your portfolio?
Here’s what you need to start investing with Sharesies in New Zealand.
Be 16 or over
For investing on behalf of someone under 18, we have Kids Accounts.
Valid ID and address
A valid NZ passport or driver licence works best—we also accept other ID.
NZ bank account
For getting money into and out of Sharesies.
Still have questions?
Actively managed funds allow fund managers to reallocate the portfolio in response to market conditions, and manage investment risk. Compared to passively managed funds, actively managed funds tend to have higher management fees to account for the fund manager’s expertise.
A portfolio investment entity (PIE) is an investment structure with a maximum tax rate of 28%. When you invest in a PIE, your money is held as units (like shares) in a fund—similar to investing in an ETF. Learn more
No, you can’t currently transfer managed fund units you hold with another fund provider into Sharesies. You’ll need to sell down your holding, and buy the fund units again through Sharesies—there is no Sharesies transaction fee.
Most Sharesies managed funds are Portfolio Investment Entities (PIEs), which means tax is calculated using your Prescribed Investor Rate (PIR) rather than your regular income tax rate. You set your PIR in the app based on your income, and any resident withholding tax (RWT) that applies to listed PIE ETFs is handled separately.
Some managed funds pay distributions, which you can choose to reinvest or receive as cash, depending on the fund and your account settings. If you're expecting a distribution and haven't seen it land, check the fund's distribution schedule in the product disclosure statement (PDS) for that fund, since timing varies by provider.
Managed fund orders take longer to process than share trades because of how the funds themselves confirm pricing. Orders are confirmed once each trading day at 12:30 PM, and the fund provider then takes anywhere from around 1 business day (Mercer) to around 2 business days (Pathfinder) or up to 10 working days (Pie Australasian Dividend Growth) to confirm the price. After that, a T+2 settlement period applies before the money is available to withdraw.