How much risk does the investment have?

All investments have risk, but some investments are riskier than others. The First Mortgage PIE Trust has a risk rating of 1 out of 7 - the lowest possible rating for a managed fund in New Zealand. This means that there should be a relatively low volatility in returns from the Fund, but it does not mean there is no risk. The Fund invests into loans secured by NZ first registered mortgages, not shares or cryptocurrency. It's not a bank deposit, so it isn't government-guaranteed, but it carries the lowest risk rating available for this type of investment. Returns are not guaranteed and can change.

PIE stands for Portfolio Investment Entity. It means your returns are taxed at your Prescribed Investor Rate (PIR) - typically 10.5%, 17.5%, or 28% depending on your income - rather than your income tax rate. For many people this is more tax-efficient. You can find your PIR using the IRD's calculator at ird.govt.nz.

Yes, FMT is supervised. Information is available on the Disclose register at disclose-register.companiesoffice.govt.nz.

Honestly? There isn't one. No hidden fees. No dodgy fine print. No junk mail trying to sell you stuff you don't need. We built Emerge because we were tired of the catches too.

Does it cost anything to join?

Nope. It's free to open your account, free to get your first card, free to send money to mates. A replacement card will cost you $10, that's it.

Can I get my money back if I need it?

FMT has a suggested investment horizon of 2 years, because that generally aligns with the lending terms for the Fund's underlying mortgage investments. However, your investment isn't locked up and you can normally request a withdrawal at any time.

Is this the same as Kiwisaver?

No. KiwiSaver is a long-term retirement savings scheme with restrictions on when you can withdraw. The First Mortgage PIE Trust is a managed investment fund with a suggested minimum investment timeframe of two years, but withdrawals are not restricted like they are in a KiwiSaver scheme. Additional KiwiSaver benefits, like matching employer contributions, and not available in the First Mortgage PIE Trust. The Fund does not replace your KiwiSaver.

What is the minimum investment?

$500. There's no maximum. You can add more to your Fund balance at any time inside the Emerge app.

Emerge is not registered bank - your money's held safely in trust with a licensed New Zealand bank. We're a registered financial services provider, and we hold your money in a secure trust account with a licensed New Zealand bank. You get all the protection of a big bank, with none of the big-bank vibes.

How fast can I open an account?

About the same time it takes to order a coffee. Just download the app, verify your ID, and you're good to go. No branch visits, no paperwork.

A simple way to
invest for what's
ahead.

First Mortgage PIE Trust is a managed investment fund available in the Emerge app.

Open your free account

Three steps. That's it.

You can open an investment account in Emerge in just a few taps. Start with as little as $500, and let reinvested returns do the rest.
No extra admin. No extra decisions.

Open an investment account in your Emerge app

Open a new account and choose First Mortgage PIE Trust to get started.

Choose your amount to invest

Start with $500 minimum, no maximum.

Returns are reinvested every quarter

Your investment keeps building in the background.

A simpler way to invest

First Mortgage PIE Trust is a managed investment fund built into the Emerge app you already use. It invests in NZ first registered mortgages, managed by an experienced New Zealand fund manager with a track record back to 1996. No paperwork. No separate provider. No extra app.

1 out of 7

Risk rating for a managed fund*

30 years

Track record of fund management

Min $500

Start with just $500 and add more anytime

*A risk indicator of 1 does not indicate a risk-free investment.

Different accounts, different jobs

Emerge offers a range of account types to suit different needs.

Everyday account

Your go-to for managing money, payments, and cards.

Growth account

Earn interest on your savings, with easy access to your funds.

First Mortgage PIE Trust

A trusted NZ managed fund with quarterly returns.

Frequently asked questions

Whether you’re a startup, growing team or planning global domination, Emerge works to make your business finances more efficient at every stage of your journey.

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A simple way toinvest for what'sahead.