New Zealand Managed Funds
Managed funds are investment products that offer you the freedom to invest in various assets.
What are managed funds?
With managed funds, investors' money is pooled together and the investment manager uses it to buy and manage one portfolio on behalf of all the investors within the fund. By pooling funds together and creating scale, investors can potentially access a wider choice of investment opportunities that might not be accessible if they invested directly in assets.
When you invest in a managed fund, you get assigned units in proportion to the amount of money you have invested. Managed funds are typically open-ended, which means new units are continuously created as investors join a fund, while units are cancelled once investors redeem the fund.
Managed funds are very common in New Zealand as this is how KiwiSaver operates.
A big additional advantage managed funds offer is the tax benefits associated with being PIEs. They are also regulated by the FMA.
The Bitcoin ETF PIE Fund - A NZ PIE Fund
The Bitcoin ETF PIE Fund (the Fund) that enables investors to get exposure to the performance of bitcoin with the tax and administration benefits that come from being a PIE fund.
The Fund invests in offshore listed bitcoin funds and Exchange Traded Funds (ETFs). Raise Investments Limited makes investment decisions about which ETF to buy with the objective of closely tracking the price of bitcoin, managing the overall fees and costs of the Fund, and providing some diversification through investing in multiple ETFs.
Why invest in the Bitcoin ETF PIE Fund?
The Bitcoin ETF PIE Fund provides a really easy tax-efficient way to get exposure to the performance of bitcoin. The Fund is a regulated PIE fund just like other managed funds. People can invest in it without the typical tax and administration hassles that come with investing directly in cryptocurrencies.
The Bitcoin ETF PIE Fund is taxed under the Fair Dividend Rate (FDR) methodology which means the maximum tax an investor on a 28% PIE will pay in any given year is 1.4% (being 5% multiplied by 28%). Investors with lower PIR tax rates will pay less tax each year.
FundRock NZ Limited (FundRock NZ) is licensed as the manager of a registered scheme under the Financial Market Conduct Act 2013 and is the issuer and manager of the Fund. Raise Investments Limited is the investment manager of the Bitcoin ETF PIE Fund.
Raise Investments Limited
Raise Investments Limited is the investment manager of the Bitcoin ETF PIE Fund. Our focus with the Fund is to provide a simple, smart and trusted way for Kiwi investors to get investment exposure to the performance of bitcoin.
Simple
The Bitcoin ETF PIE Fund offers a simple process via trusted partners offering managed funds in New Zealand (like InvestNow and investment advisers) without the normal administration hassles of directly buying, storing, and safekeeping digital assets and cryptocurrencies.
Smart
With the Bitcoin ETF PIE Fund, investors are taxed using the Fair Dividend Rate (FDR) method. In contrast, when people invest directly in bitcoin, all realised capital gains may be taxable. Investors with direct bitcoin will also often have to file their own tax return, whereas PIE tax is a final tax.
Trusted
The Bitcoin ETF PIE Fund is a managed investment scheme regulated under the Financial Markets Conduct Act 2013. The Fund invests in underlying funds and ETFs listed on global share markets, which in turn invest in bitcoin.
How to invest in the Bitcoin ETF PIE Fund?
Click on the InvestNow link below, who is our retail distribution partner. Here, you can complete your investor registration, apply and buy units in the Fund and add them to your investment portfolio.
Alternatively, you can invest via your investment adviser. Tell your adviser to contact us if they do not currently have access to the Fund.
Note that it is not possible to purchase the Bitcoin ETF PIE Fund directly on this website.
