An exchange-traded fund is a financial product traded on a stock exchange whose underlying assets are matched against an index (such as the S&P 500), rather than a trading company. There are five exchange-traded funds listed on the New Zealand Exchange, all sold under the SmartShares brand:
| Name | Index | Expense Ratio |
|---|---|---|
| SmartTENZ | NZX 10 | Up to 0.60% |
| SmartMIDZ | NZX MidCap | Up to 0.75% |
| SmartFONZ | NZX 50 | Up to 0.90% |
| SmartMOZY | S&P/ASX MidCap 50 | Up to 0.90% |
| SmartOZZY | S&P/ASX 20 | Up to 0.60% |