Hatch adds hundreds of foreign shares

7 February 2019

MEDIA RELEASE

Kiwi Wealth’s digital investment platform now gives investors new foreign share investment options with access to ADR products.

Hatch, Kiwi Wealth’s new digital platform giving Kiwis direct access to the United States share markets, now allows investors to access publicly-traded international companies that are listed on US exchanges as American Depositary Receipts (ADRs).

“Through ADRs, we’re now giving Kiwis the opportunity to invest in publicly traded companies from 35 countries including China, Japan, Germany and the United Kingdom,” says Hatch general manager Kristen Lunman.

“Kiwi investors will now be able to access even more internationally recognised companies such as Alibaba, Weibo, Nokia and Unilever. This means they can further diversify their portfolios by investing in global companies through the US share markets.

“This is just another way we’re providing access to world-class investments all in one place.”

ADRs are created when US depository banks buy shares in a foreign company listed on a foreign share market and repackages them to list on the US share markets. Each ADR represents a specific number of shares in a foreign company determined by the bank issuing the ADR.

Launched in September last year, Hatch’s total investments have now surpassed $6 million.

“We’re really pleased with Hatch’s growth trajectory,” says Lunman. “It shows there’s a real demand from Kiwis who want to self-direct their investments and access US listed companies and exchange-traded funds, without the hassle and costs of the traditional brokerage model.”

Hatch is available to New Zealand investors at www.hatchinvest.nz.

About Hatch

Hatch is a digital investment platform that gives New Zealanders access to the US share markets. Powered by Kiwi Wealth, Hatch provides easy, affordable, and reliable access into the largest, most liquid share markets in the world.

Through Hatch, Kiwi investors can easily invest in over 2900 of the world’s best-known companies and more than 500 exchange-traded funds. Hatch is also the first of its kind to bring fractional investing to New Zealand, letting investors buy portions of companies they might not normally be able to afford and easily diversify their portfolios.

Hatch charges no subscription fees or commissions. To buy or sell a fraction of a share, investors are charged a $3.00 USD fee. To buy or sell full shares, the fee is $8.00 USD. To exchange NZD to USD, a 50bps fee is included in the exchange rate.

For more information visit www.hatchinvest.nz.

About Kiwi Wealth

Kiwi Wealth is Kiwi Wealth Investments Limited Partnership, Kiwi Wealth Limited and Kiwi Investment Management Limited.

Kiwi Wealth Investments Limited Partnership manages investments for financial products and services offered by Kiwi Wealth, including the Kiwi Wealth KiwiSaver Scheme. Kiwi Wealth Limited is the issuer and manager of the Kiwi Wealth KiwiSaver Scheme.

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