Lifetime Australasian Property Fund

   

The Lifetime Australasian 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 Vanguard Australian Property Securities Index ETF, 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 300 A-REIT Index
      • 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.

 

Asset Class

Underlying Fund Managers

Underlying Fund

Benchmark Asset Allocation

Listed Property

Vanguard

Vanguard Australian Property Securities Index ETF

50%

Listed Property

Kernel

Kernel NZ Commercial Property Fund

50%