A new online tool is enabling people to search and compare investments like KiwiSaver.

Housed on the Sorted website, Smart Investor allows people to compare different investments and work out which is best for them.

KiwiSaver members can explore their fund’s investments in detail, and compare their fund against other offerings.

Sorted’s Managing Editor Tom Hartmann says it will help people pick the investment that's right for them.

"Everyone needs to make an active choice about what KiwiSaver fund to be in, and you want to make the best decision possible, and the only way to do that is if you are well informed."

Hartmann says people can also compare shares, bonds and different managed products using the site.

"We have high hopes that this tool will make it much easier for Kiwis to make sharp decisions about their investment."

He says the tool will also encourage greater transparency in the financial sector by revealing where peoples money is going.