New Zealand Managed Funds
Managed funds are investment products that offer you the freedom to invest in various assets.
What Are Managed Funds?
Managed Funds are a 'registered managed investment scheme' - a kind of unit trust. With managed funds, investors' money is pooled together and the investment manager uses it to buy and manage them on behalf of all the investors within the fund. With the pooling funds, investors have a wider choice of investment opportunities that are not accessible if they invest directly in an asset.
With a unit trust, once you invest in a managed fund, you assign units proportionate to the amount of money you have invested. Managed funds are open-ended, which means new units are continuously created as investors join the fund, while units are cancelled once investors redeem the fund.
The Bitcoin ETF PIE Fund - A NZ PIE Fund
The Bitcoin ETF PIE Fund (the Fund) is a PIE Fund based in New Zealand that allows you to access a Bitcoin tracking fund in a potentially tax-efficient way.
The Fund invests in offshore listed Bitcoin Funds and Exchange Traded Funds (ETFs). Raise Investments Limited makes investment decisions to ensure that returns closely track the price of Bitcoin, manages fees and provides further diversification through investing in multiple fund providers.
Why invest in the Bitcoin ETF PIE Fund?
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 A NZ PIE fund investment manager
Raise Investments Limited is the investment manager for the Bitcoin ETF PIE Fund, offering a simple, smart and trusted way for Kiwi investors to buy and invest in Bitcoin. This provides easy exposure to this dynamic new asset.
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 directly buying, storing, and safekeeping digital asse
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.
How to invest in the Bitcoin ETF PIE Fund?
Click on the InvestNow link below, which will take you to one of our trusted retail distribution partners. Here, you can complete your investor registration, apply and buy units in the Fund and add them to your investment portfolio.
Alaternatively 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.
How do I find out more about the Bitcoin ETF PIE Fund?
Do you want to know more about the Bitcoin ETF PIE Fund or Raise Investments Limited ? Enter your email address below and subscribe to Raise Investments Limited to receive more updates and information for all Raise products.
What people say about the Bitcoin ETF PIE Fund
“My main concern with investing in bitcoin has been the complexity of storage. I understand leaving bitcoin on an exchange is not safe, but I don’t want to store it myself and end up losing the passwords. Buying a fund to get the same bitcoin exposure without the effort certainly works for me.”
M
“This product is great. It really changed my mind about investing in Bitcoin. I was concerned and confused about having to store bitcoin myself. But Vault takes away all that hassle. It also has the added benefit of being more tax efficient.”
Anon
“I’m a relative beginner in terms of investing and definitely no expert when it comes to looking after crypto. I had some fear around the security of my investment, so the thought of handing over responsibility for this to an experienced fund manager made me feel much more relaxed. The tax benefits are a big incentive and I’m looking forward to seeing what the future holds!”
J