Quote Originally Posted by Snoopy View Post
We do know the strategy of the NZB fund from the original 2015 prospectus though:
"To outperform the S&P/NZX A-Grade Corporate Bond Index over a rolling three-year period."

But what is the managers' operational strategy to try and achieve this? We aren't told. Why has the fund seemingly under-performed its benchmarks in 2017, 2018, 2019, 2020 and 2023? We aren't told. Finally if you ring the fund manager up to clarify some of these points, you get told to submit your query by e-mail. This I did. But I never got a reply.
Perusing the 2015 NZC/NZB/GBF prospectus, I see that both NZC and NZB are managed by 'Nikko Asset Management'. Perhaps that is why Smartshares never replies to my questions about how the NZB fund operates? If they have outsourced their NZB management to Nikko, they may not know.

SNOOPY