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Smartshares NZ Top 50 ETF
It is a fund that lets investors buy a small slice of the 50 biggest companies listed on New Zealand's stock exchange in one go.
Smartshares NZ Top 50 is a fund, not a company that makes or sells things. When you buy a share of it, you are buying a tiny piece of the fifty largest companies trading on New Zealand's stock exchange, all bundled together in one investment. Instead of picking individual stocks and paying separate brokerage fees for each, an investor gets a single holding that rises and falls with the overall New Zealand share market.
The fund is what's called an exchange-traded fund, or ETF, and it trades on the New Zealand Stock Exchange under the ticker FNZ. That means you can buy and sell it during the trading day just like a normal share. The money inside it is spread across household names of the New Zealand economy — the big banks, electricity generators and retailers, and the country's famous dairy exporter Fonterra, which is one of the largest positions. Because so much of the fund sits in a handful of giant companies, its fate is closely tied to a small group of local heavyweights rather than a broad, diversified mix. The selling point is simplicity and low cost. Owning the whole top fifty means you never have to guess which New Zealand company will win; you own them all. The trade-off is concentration: New Zealand is a small market, so the same fifty names dominate, and the fund will swing up and down with the local economy and its big export industries. The manager, Smartshares, charges an annual fee for running it — a small percentage skimmed off the fund's value — which is the main way the business earns money, rather than through commissions or trading profits.
For a New Zealander who wants their savings to grow alongside the domestic economy, or for anyone seeking exposure to the country's biggest listed businesses, this is one of the simplest tools available. Just remember what you own: a concentrated bet on a small, export-heavy economy, wrapped in a low-cost, easy-to-trade package.
Saved answer · last researched 15 Nov 2026