Some commentators point to fee structures of US ETFs and question why an investor or adviser would even consider NZ managed fund solutions. In this article we provide a "real life" comparison of Pathfinder's Global Water Fund up against US water equity ETFs. Is the PIE fund or US ETF a better structure? The link is below - we're happy to discuss this one further! Goodreturns article: PIE funds vs US ETFsNZ PIE funds or US ETFs - which structure is the best fit for NZ investors?