I live in New Zealand and I was looking at investing in one or more of the ETF's provided on the NZX (e.g SmartShares).
But the management fees for many of their offered ETF's are greater than 0.5%. And some of their funds are simply ways to access other funds which sometimes only charge as low as 0.04% when invested in directly.
Managed funds can come with 1% fees which is higher, but not by a whole lot considering one of the main arguments for index tracking funds is the low fees.
Why would somebody want to invest in these index tracking funds that charge this much in fees?