Rebalancing
A key feature of your advised portfolio is that it automatically ‘rebalances’ to keep its asset mix (the ratio of shares, cash, and bonds) aligned with our advice for you.
Whenever you place a buy or sell order for your advised portfolio, the mix of investments is adjusted back toward the advised portfolio’s target allocation.
In addition, once per quarter, our software checks whether any investments have moved from their target allocations. If they have, the portfolio is automatically rebalanced by selling and buying investments back to the target asset allocation.
There are no additional transaction fees when your advised portfolio is automatically rebalanced quarterly.
Currency hedging
Currency hedging is a way to protect investments from currency fluctuations.
Our advised portfolios are currency hedged to reduce the impact of currency fluctuations.
Dividend reinvestment
We’ll automatically reinvest dividends paid from managed funds and exchange-traded funds (ETFs)—transaction fees aren’t charged when dividends are reinvested.
Fund your advised portfolio automatically using Investback
If you use a Sharesies Spend account, you can choose to invest any 1% Investback earnings automatically into your advised portfolio.
How to set it up
When you open your Spend account, you’ll be prompted in the sign-up process to choose where you’d like your Investback earnings to be invested. If you have an advised portfolio, you can choose that as your Investback selection.
You can also choose:
Your Sharesies KiwiSaver Scheme account (if you have one)
one of 8,000+ companies and funds across US, Australia, and NZ exchanges available through Sharesies’ Invest service; or
the default nominated investment—Smart Global ESG ETF.
You can change your Investback selection at any time.
You will not pay any transaction fees on Investback orders into your advised portfolio.