• Young people priced out of the housing market for now are choosing other ways to build their wealth.

In Australia, it has been suggested that those who have given up on home ownership could instead put their money into exchange-traded funds (ETFs), as an alternative to leaving it in the bank.

An ETF is an investment product that investors buy units in.

One of the most popular in New Zealand is Smartshares’  NZ Top 50, made up of the 50 largest financial products on the NZX Main Board.

READ MORE:
Liz Koh: ETFs may give your portfolio an X factor
Investing in the share market for plebs
What young adults need to know about KiwiSaver
ETFs cheap fad but also reliable

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MANDY GODBEHEAR

Dreaming of a house? Would an ETF do?

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