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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 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

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

Management FeeUnit Price
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