smartFONZ half year results
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NZX 50 Portfolio Index Fund (NS) (FNZ) | 1:53 pm, Friday 28 November 2008 | FNZ | 1.180 |
 -0.020 |
(-1.67%) |
28 November 2008 – Smartshares Limited, a wholly owned subsidiary of NZX, has announced its unaudited interim results for smartFONZ, covering the six-month period from 1 April 2008 to 30 September 2008.
Key points include:
- The net tangible asset value per unit as at 30 September 2008 was $1.3382, down $0.1733 from $1.5115 at 31 March 2008.
- Distributions payable to investors as at 30 September 2008 was $0.866 million.
- The total of net assets under management as at 30 September 2008 was $40.609 million.
- The performance of the fund for the period from 01 April to 30 September 2008 was -11.47% which was in line with the funds capital index which returned
-11.58% for the same period.
The net tangible asset value per unit has reduced from $1.3382 as at 30 September 2008 to $1.14504 as at 27 November 2008. This reduction in value is in line with the reduction in the fund’s index.
For further information regarding Smartshares visit www.smartshares.co.nz
ENDS
About Smartshares Limited
Smartshares Limited is a wholly owned subsidiary of NZX Limited and is the manager of the Smartshares funds. NZX does not guarantee the performance of Smartshares funds.
For more information, please contact:
Lucy McFadden
NZX Media and Investor Relations
Direct line: 04 496 2890
Mobile: 027 512 7832
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