What is Buy/Sell Spread?
The buy/sell spread is the difference between the price you pay to buy units and the price you receive when selling.
Detailed Explanation
When you invest in or withdraw from a KiwiSaver scheme fund, there may be a small difference between buying and selling prices. This covers transaction costs and protects existing investors from the costs of others moving in and out.
Example
Illustrative example — If a fund has a 0.10% buy spread and 0.10% sell spread, investing $10,000 costs you $10 on entry and $10 on exit.
Frequently Asked Questions
Is the buy/sell spread a hidden fee?
It is disclosed but often overlooked. It is a one-time cost when entering or exiting.
Related Terms
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Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
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