NZT.NZ

The Smart S&P/NZX 20 ETF, listed on the New Zealand Exchange under the ticker NZT.NZ, does not pay dividends. This ETF is designed to track the performance of the top 20 companies on the NZX by market capitalization, focusing on capital growth rather than income distribution. The lack of dividends is typical for many ETFs that aim to reinvest earnings to enhance the fund's value over time. This strategy can be appealing to long-term investors who prioritize growth and capital appreciation over immediate income. While income-focused investors might not find this ETF suitable for generating regular cash flow, those with a longer investment horizon may appreciate the potential for increased value through reinvested earnings. Additionally, the ETF provides diversified exposure to New Zealand's largest companies, which could offer stability and growth potential in a balanced investment portfolio.