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Bonus Bonds are the single largest retail unit trust in New Zealand. We take a look at the pros and cons.

Bonus Bonds offer big prizes, an excellent fund rating and no obvious downside. What’s not to like?

How about the low odds of winning a big prize, high fund-manager fees, unnecessary tax … and not being part of the Government’s Retail Deposit Guarantee Scheme.

Highlights of this report


How it works


How your money is invested when you buy the bonds, and the lottery payout. Read more

What are the odds?


How does it compare to a lottery, and is it a good deal? Read more

What are the risks?


They're not part of the government's Retail Deposit Scheme. Read more

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