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
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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 31 October 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 |
-0.26% | 3.96% | 8.71% | 29.44% | -2.48% | -0.51% |
|
Before tax & after fees |
-0.33% | 4.16% | 9.18% | 30.52% | -2.24% | -0.37% |
* 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.