Lifetime Australasian Property Fund

   

The Lifetime International Property Fund is a single sector fund that provides exposure to Listed Property. It is invested 100% in growth assets (Listed Property). It does this through investing 50% in the Mercer Australian Property Index Fund, and 50% in the Kernel NZ Commercial Property Fund.

 

The fund seeks to track a composite index (before annual fund charge and tax), comprising:

      • 50% - S&P/ASX 200 A-REIT Accumulation Index, 100% hedged to NZD
      • 50% - S&P/NZX Real Estate Select Index

 

Underlying Managers & Target Asset Allocations

The table below sets out the target asset allocation and underlying investment managers for the Fund.

For more information you can access the Funds Statement of Investment Objectives and Policy (SIPO).

 

Asset Class

Underlying Fund Managers

Investment Managers

Product Name

Benchmark Asset Allocation

Listed Property

Mercer

Macquarie

Mercer Australian Property Index Fund

50%

Listed Property

Kernel

Kernel

Kernel NZ Commercial Property Fund

50%

 

 

Fund Performance

Find below the performance to 30 April 2024. The returns are after tax & fees (at 28%), and before tax & after fees.

 

PIR Tax Rate

1-Month

3-Month

6-Month

12-Month

3-Years* 

5-Years* 

After tax & fees

-5.33% 1.65% 19.07% 10.31% -3.84% 0.29%

Before tax & after fees

-5.36% 1.62% 19.55% 10.69% -3.65% 0.33%

* Returns over 1-year are annualised

 

The ‘AMP Australasian Property Fund’ was renamed the ‘Lifetime Australasian Property Fund’ when Lifetime Asset Management acquired the Scheme on 1 March 2023. Performance therefore reflects the ‘AMP International Property Fund’ prior to 1 March 2023.