Stewart Financial Group has assisted in the launch of another product based on the investing strategy of Dimensional Fund Advisors, a US wholesale fund management firm with about $400 billion invested globally.
Stewart this year introduced Dimensional to New Zealand, becoming a consultant/adviser for Dimensional's KiwiSaver Asset Class products, available through government default provider Grosvenor.
Stewart Group has since worked with Smartshares, a member of the NZX Group, and Dimensional to build a NZ Core Equity strategy for Core Equity's unlisted unit trust.
Director Nick Stewart said the strategy sought to add value by using a systematic and academically grounded investment strategy.
"It's low-cost, totally fee transparent, and you get Dimensional's technology in the New Zealand market," he said.