Lifetime International 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). The fund seeks to track the Dow Jones Global Select ESG Real Estate Securities Index (RESI), 100% hedged to NZD. It does this through investing 100% into the Kernel Global Green Property Fund.

 

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

Kernel

Kernel

Kernel Global Green Property Fund

100%

 

 

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

-6.11% -2.69% 10.79% 4.39% -3.47% -0.58%

Before tax & after fees

-6.20% -3.23% 11.96% 4.98% -3.88% -0.67%

* Returns over 1-year are annualised

 

The ‘AMP International Property Fund’ was renamed the ‘Lifetime International 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.