NZX 10 IndexBackgroundThe NZX 10 Index (the index SmartTENZ tracks) is an index of the 10 largest and most frequently traded New Zealand companies listed on the NZSX Market. From time to time, the composition of the NZX 10 Index may change. As SmartTENZ mirror the NZX 10 Index it is re-balanced to match this, so you always have a portfolio of the top 10 companies by market capitalisation listed on the NZSX Market. Constituents
Source: NZX Sector breakdown Source: NZX SmartTENZ is heavily invested in the media and communications sectors through its holdings in Telecom Corporation of New Zealand Ltd, Sky Network Television Ltd and Independent Newspapers Ltd (as at 30 June 2004). However, a single investment in SmartTENZ spreads your investment across 57% of the total value of the NZSX Market. Combine your investment in SmartTENZ with an investment in SmartMIDZ (which tracks the NZX MidCap Index) and with only two trades you've built a diversified share portfolio that spreads your risk over 86% of the total NZSX Market. |
