WEBVTT - Bonus: Sharesies most-requested KiwiSaver feature just launched

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<v Speaker 1>Investing and involves the risk you might lose the money

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<v Speaker 1>you start with. We recommend talking to a licensed financial advisor.

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<v Speaker 1>We also recommend reading product disclosure documents before deciding to invest.

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<v Speaker 1>Everything you're about to see and here is current at

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<v Speaker 1>the time of recording.

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<v Speaker 2>Hi, Matt, it's been pretty exciting the last few days.

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<v Speaker 2>We've released the self select for the US for our

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<v Speaker 2>keysaver members. How has it been going?

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<v Speaker 3>Easily the most requested feature that we've had since we

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<v Speaker 3>launched keysaver about two years ago. We launched fifty five

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<v Speaker 3>US companies and ETFs, the largest, most widely held, most

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<v Speaker 3>popular investment options on the Shares's platform from the US

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<v Speaker 3>markets are now available for people to self select into

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<v Speaker 3>their kisaver investment plans. So it's early days, you know,

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<v Speaker 3>it's just after lunch time on the on the launch day.

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<v Speaker 3>We are seeing our existing customers updating their plans to

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<v Speaker 3>include some UIs companies you know, and some new customers

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<v Speaker 3>also who want to use the investment plan builder to

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<v Speaker 3>have a look at how it could work for them.

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<v Speaker 3>And then you know, some people signing up and asking

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<v Speaker 3>us questions and things.

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<v Speaker 2>It is early days, but can you tell us maybe

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<v Speaker 2>what are the most popular stocks thus far.

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<v Speaker 3>Yeah, I mean the most popular stocks. I don't think

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<v Speaker 3>we'll be any surprise because they are the most popular

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<v Speaker 3>stocks I guess on the charesies platform, but also the

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<v Speaker 3>most popular stocks for a lot of Q saver managers

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<v Speaker 3>too if you look into what they're holding their funds.

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<v Speaker 1>So the.

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<v Speaker 3>You know, the top choices so far are companies like Microsoft, Meta,

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<v Speaker 3>Amazon and Videos in There, which has been really popular

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<v Speaker 3>on the platform for a while now. The rocket Lab

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<v Speaker 3>was actually the first the first US option we made

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<v Speaker 3>available in our beta program, which was a nod I

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<v Speaker 3>guess to the fact that it's a New Zealand founded

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<v Speaker 3>company that is on the US markets as well.

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<v Speaker 2>Now you mentioned the investment builder, can you explain to

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<v Speaker 2>listeners and viewers what that actually is.

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<v Speaker 3>Yes. Our QV Saver scheme is a bit unique in

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<v Speaker 3>that we've introduced the idea that anyone can go in

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<v Speaker 3>and have a bit more control over the individual companies

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<v Speaker 3>that make up their QV service scheme. So we thought

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<v Speaker 3>it was really important to let people do that in

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<v Speaker 3>a really safe and kind of experimental way outside of

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<v Speaker 3>having to use their actual money. So we have an

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<v Speaker 3>Investment plan Builder. It's on our website, you can go

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<v Speaker 3>through and correct your investment plan, see what fees, see

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<v Speaker 3>what level of risk, look at all the different companies

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<v Speaker 3>and ETFs and funds and things we have, and you

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<v Speaker 3>can do it in a way that you can update

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<v Speaker 3>it and if you like it, you can actually import

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<v Speaker 3>it into the app. But for most people, that's where

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<v Speaker 3>we're directing them to have a look and see how

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<v Speaker 3>this all works because it is a unique concept.

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<v Speaker 2>So it's things like how much risk, how much I'm

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<v Speaker 2>going to pay and fees that sort of thing, so

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<v Speaker 2>I sort of get a bit of a taste before

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<v Speaker 2>I commit.

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<v Speaker 3>Yeah, because everyone's kepsaver can actually be different with us,

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<v Speaker 3>and so we can't just say, oh, you're paying one

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<v Speaker 3>percent for your kivsaver, because I could choose, you know,

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<v Speaker 3>a fundat much lower than that that I can add

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<v Speaker 3>some of my own picks, and the price level and

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<v Speaker 3>the risk level of each portfolio could be quite different.

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<v Speaker 3>And so you can do that in a way where

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<v Speaker 3>we will do all that maths for you and present

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<v Speaker 3>it back in a way that you can compare to

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<v Speaker 3>other schemes.

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<v Speaker 2>The other thing that seems quite exciting is is you

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<v Speaker 2>can get exposure to things that you might not normally

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<v Speaker 2>have it your key we save, for example, through ETFs.

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<v Speaker 2>I understand we can now invest in crypto.

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<v Speaker 3>That's right. So the criteria for what makes it into

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<v Speaker 3>as an investment option is driven by a few things.

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<v Speaker 3>I think our ultimate goal is to provide as much

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<v Speaker 3>access as possible. But the options that we include, we

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<v Speaker 3>also have liquidity hurdles, so we have a minimum size

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<v Speaker 3>of the companies. We also have a widely held rule

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<v Speaker 3>because what we're doing is we are turning each of

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<v Speaker 3>these options into a PI fund. We have some additional yeah,

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<v Speaker 3>into a tax efficient PIE fund. We have some additional

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<v Speaker 3>obligations about ensuring that the options are widely held. And

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<v Speaker 3>so you know, we've started with fifty five companies and

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<v Speaker 3>funds and that will expand over time when we're interested

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<v Speaker 3>in feedback from people what they think is missing and

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<v Speaker 3>what they do and don't like. But yeah, we have

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<v Speaker 3>one crypto option, which is the Icehars ETF. We have

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<v Speaker 3>a few other companies like that that we actually have

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<v Speaker 3>some volatility warnings on within the the you know, the

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<v Speaker 3>crypto ETF has been quite volatile since it's been launched,

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<v Speaker 3>as have a few other companies like rocket Lab. As

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<v Speaker 3>I mentioned earlier on.

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<v Speaker 2>So Matte just before we finished, let's explain how the

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<v Speaker 2>fund works. I mean, I can't put everything into Tesla,

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<v Speaker 2>can I correct?

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<v Speaker 3>So we have a concept of guardrails, and guard rails

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<v Speaker 3>are investment limits that we apply to your investment plan,

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<v Speaker 3>which is your standing instructions on how to invest contributions

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<v Speaker 3>as they arrive into the scheme. And those guardrails require

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<v Speaker 3>you to have at least fifty percent of your contributions

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<v Speaker 3>invested into a base fund, which is a diversified fund.

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<v Speaker 3>You can have one hundred percent invested into a divestified

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<v Speaker 3>fund if you want, but no less than fifty percent.

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<v Speaker 3>And then we have around one hundred and fifty companies

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<v Speaker 3>in ETFs from New Zealand and the States. The maximum

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<v Speaker 3>for each of those is five percent per selection. So

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<v Speaker 3>I could have ten companies at five percent each, or

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<v Speaker 3>I could have one hundred companies at half a percent each,

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<v Speaker 3>for example, included in my investment plan, and as money

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<v Speaker 3>arrived into the scheme, it would be invested according to

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<v Speaker 3>those proportions.

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<v Speaker 2>Are you predicting that people will be a real mix

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<v Speaker 2>of those percentages or is there like a typical investor.

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<v Speaker 3>Yeah. Today, what we've seen is around half of our

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<v Speaker 3>members have picked at least one company and on average

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<v Speaker 3>around ten percent of contributions are invested into self select

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<v Speaker 3>and ninety percent into managed funds.

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<v Speaker 2>So still slightly conservative if.

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<v Speaker 3>We Yeah, look the guardrails are there to enforce the divestfication.

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<v Speaker 3>It's a it's a foundation of risk management when it

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<v Speaker 3>comes to investing, as is the investment plan concept, which

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<v Speaker 3>means your dollar cost averaging, you're buying no matter whether

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<v Speaker 3>the price is up or down. And so you know,

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<v Speaker 3>the base fund is like our course satellite type approach

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<v Speaker 3>as well. So we've got you know, a number of

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<v Speaker 3>different things working together here because qpsaber is a long

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<v Speaker 3>term investment and we want to make sure that we

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<v Speaker 3>get the risk levels you know, managed as well as

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<v Speaker 3>we can.

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<v Speaker 2>So, Matt, if people are interested, how do they go

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<v Speaker 2>how do they go about getting into the self select

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<v Speaker 2>for KEEPSAB.

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<v Speaker 3>I'd recommend you have a look at the Investment Plan Builder,

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<v Speaker 3>So head to our website. You'll find your way to

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<v Speaker 3>the Kiwi Saver sit. It's pretty well signposted. Have a

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<v Speaker 3>look at it. There's nothing like being able to actually

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<v Speaker 3>have a play with something when it's not your money

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<v Speaker 3>and get comfortable with the idea and if so, you know,

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<v Speaker 3>follow the prompts.

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<v Speaker 2>Thanks Matt. It's about probably watching the space and seeing

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<v Speaker 2>what investors do.

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<v Speaker 1>Cheesy's Investment Management Limited is the issuer of the Cheesy's

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<v Speaker 1>key Wes Have a Scheme. The Product Disclosure Statement for

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<v Speaker 1>the Cheess's key Wes Have a Scheme has been laudged

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<v Speaker 1>and may be viewed on the Disclosed Register or on

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<v Speaker 1>our Documents page.