APN AREIT PIE Fund
The APN AREIT PIE Fund provides exposure to a diversified portfolio of Australian commercial property. The Fund invests in listed property, predominantly Australian AREIT shares held through an Australian unit trust.
|Investment Manager||APN Funds Management Limited|
|Investment Policy and Objectives||The investment objective is to provide investors with a consistent, relatively high level of income combined with some capital growth, sourced primarily from AREITs listed on the ASX. The Fund aims to:
|Investment Strategy||To invest in listed property via an Underlying Fund. The Fund will not invest in direct property. The Investment Manager does not intend to use derivatives other than for currency hedging purposes. The Fund targets a position of being fully hedged back to New Zealand Dollars.|
|Benchmark||S&P ASX 300 AREIT Total Return Index – NZD Hedged|
* We and APN Funds Management Limited are responsible for selecting appropriate funds and/or appointing sub-investment managers and strategies, and these may change without notice. Details of the current underlying specialist managers can be obtained by contacting us.
* The Fundsource reports are intended for New Zealand clients residing in New Zealand only and must not be accessed or viewed by any person or entity outside of New Zealand