# Smart Emerging Markets ESG ETF > Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings. - **Manager:** Smartshares (Smartshares Limited), parent NZX Limited - **Asset class:** International Equities - **Structure:** Exchange-traded fund (ETF) — NZX ticker `EMG` - **Responsible investment label:** yes (see SIPO for screening framework) - **Confidence tier:** C (Sorted Smart Investor → FMA Disclose) - **Last verified:** 2026-05-22 ## Summary The Smart Emerging Markets ESG ETF is a international equities exchange-traded fund run by Smartshares. NZ’s largest ETF issuer, owned by NZX. Tickers trade on NZX Main Board. ## Investment objective (from PDS) > Invests in international shares and is designed to track the return of the MSCI EM IMI Screened Index. Source: Product Disclosure Statement dated 2026-04-24 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/81a30223a39f7533/Product-Disclosure-Statement---Smart-Exchange-Traded-Funds---Global-Series---12-May-2026.pdf ## Fund data - **Annual fund charge:** 0.59% p.a. (from the latest Quarterly Fund Update) - **5-year return (after charges, after tax at 28% PIR):** 6.26% p.a. - **Risk indicator:** 5/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk) - **Fund size (AUM):** NZ$26 million - **Asset mix:** 98% growth assets · 2% income assets - **Fund started:** 6 June 2019 - **Minimum initial investment:** NZ$500 ## Top 3 holdings 1. IShares MSCI EM IMI ESG Screened UCITS ETF — 99.95% 2. NZD Cash Account (ANZ Bank) — 2.26% 3. USD Cash Account (BNP Paribas) — 0.10% Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register. ## Additional terms (from PDS) - **Minimum subsequent investment:** NZ$250 - **Distribution cadence:** No distributions (accumulating) ## Investment policy (from SIPO) ### Strategic asset allocation ranges | Asset class | Target | Min | Max | | --- | ---: | ---: | ---: | | Cash and cash equivalents | 0% | 0% | 10% | | International equities | 100% | 90% | 100% | ### Responsible-investment approach Smart has a Responsible Investment Policy setting out its approach to responsible investing, available at smartinvest.co.nz/resources/documents. Several funds track indices that screen for exposure to Controversial Weapons, Nuclear Weapons, Civilian Firearms, Tobacco, Thermal Coal and Oil Sands, and exclude companies failing to comply with the United Nations Global Compact Principles. ### Derivatives policy Each ETF may use derivatives to gain exposure to assets consistent with its permitted investments. No ETF may use derivatives to lever the ETF. ### Exclusions - Companies with exposure to Controversial Weapons - Companies with exposure to Nuclear Weapons - Companies with exposure to Civilian Firearms - Companies with exposure to Tobacco - Companies with exposure to Thermal Coal - Companies with exposure to Oil Sands - Companies that fail to comply with the United Nations Global Compact Principles Source: Statement of Investment Policy and Objectives dated 2026-04-16. https://smartinvestor.sorted.org.nz/disclose-document/288838c6a9b9087b/SIPO---Smart-Exchange-Traded-Funds---12-May-2026.pdf ## Scheme disclosures (from OMI) Scheme-level. The same disclosures apply to every fund in this scheme. - **Trustee / Supervisor:** Public Trust - **Conflicts of interest disclosed in OMI:** 2 ### Conflicts of interest (verbatim from OMI) - Smart may invest in other funds managed by it, rather than in financial products issued by third parties, potentially influencing investment decisions in favour of its own funds; this is managed via the Investment Oversight Committee and by not charging a fee for management services in relation to the Smart Wholesale Scheme where applicable. - An underlying third party fund manager may invest in other funds that it manages, potentially preferring its own managed funds over those operated by independent third parties; Smart assesses these arrangements at least annually and reviews fund investments monthly, with appointments approved on arm's length terms under Smart's Related Party Transactions Policy. ### Related-party transactions - **NZX Limited** (Parent company of Smartshares Limited) — Administration services provided to Smart under an Administration Services Agreement Source: Other Material Information document dated 2026-04-19. https://smartinvestor.sorted.org.nz/disclose-document/08798a00fccd7cd1/Other-Material-Information---Smart-Exchange-Traded-Funds---12-May-2026.pdf ## How to invest Available via: Smartshares directly. Read the current Product Disclosure Statement (PDS) before investing. ## Sources - **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Smart%20Emerging%20Markets%20ESG%20ETF - **Product Disclosure Statement:** /disclose-document/mdo2aaf406a5534f2cb3aea6f63e0b3a0d0/PDS-Core-Series-23-Sep-Final.pdf - **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10752/OFR10865/FND14630/ - **Manager website:** https://smartshares.co.nz ## Citations (authoritative primary sources) - FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ) - Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities - Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html - Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/ ## This file - **Canonical HTML:** https://managedfunds.nz/funds/smartshares/emg-emerging-markets-esg/ - **Markdown (this file):** https://managedfunds.nz/funds/smartshares/emg-emerging-markets-esg/markdown.md - **Structured data (JSON):** https://managedfunds.nz/funds/smartshares/emg-emerging-markets-esg/data.json - **First published:** 2026-05-08 - **Last refreshed:** 2026-05-22 - **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt --- ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.