In a New Zealand first, Kiwi Wealth’s new digital platform gives investors direct access to shares of US-listed companies and ETFs, easily and at low cost.
Joe Bishop, Kiwi Wealth General Manager Customer, Product and Innovation, says Hatch fills a significant gap in the New Zealand investment market.
“Kiwi Wealth’s investment philosophy is that opportunity and risk is best diversified through investing in global markets, especially relatively stable, liquid ones like the US. We deliver expertise as fund managers, while recognising some investors also want to self-direct a portion of their money.
“These investors have the time, interest and knowledge to successfully self-manage their investments. Many want to self-direct their investments in US shares but, until now, it hasn’t been easy because they had to use a broker that offered dated, complex solutions.
“Hatch is an innovative solution designed to meet the specific needs of the self-directed investor and follows other digital tools we’ve developed to empower people to take control of their investments. These include our award-winning Future You® retirement income planning tool and we’re very close to launching New Zealand’s first robo-advice platform.”
Hatch is the first of its kind in New Zealand to also allow investors to buy fractions of a full share. This allows greater flexibility for investors to manage their portfolios as well as offering them the ability to invest in highly priced company shares they otherwise couldn’t afford. Hatch full press release.