Fund-vs-fund · International Equities
Pie Global Growth Fund 2 vs Smart Emerging Markets ETF
Both are International Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
| Metric | Pie Funds | Smartshares | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.61% | 0.59% | Lower is better |
| Risk indicator (1–7) | 5 | 5 | Higher = more volatility |
| 5-year return p.a. | 3.37% | 7.38% | Higher is better (past not future) |
| Fund size | NZ$220m | NZ$226m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 98% / 2% | More growth = higher long-run return + volatility |
What each fund says it does
Pie Funds
Pie Global Growth Fund 2
The Pie Global Growth Fund seeks to provide investors with long term capital growth by investing predominantly in listed Smaller Companies globally. The fund may also invest in managed funds with similar characteristics to Pie Funds.Full Pie Funds Pie Global Growth Fund 2 profile →
Smartshares
Smart Emerging Markets ETF
The Smart Emerging Markets ETF is designed to track the return (before tax, fees and other expenses) of the FTSE Emerging Markets All Cap China A Inclusion Index. The Index is comprised of large, mid and small cap companies located in emerging markets around the world.Full Smartshares Smart Emerging Markets ETF profile →
Important: This comparison is general information only — not personalised financial advice.
Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal
circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.