AREIT PIE Fund

The APN AREIT PIE Fund is a PIE-compliant New Zealand-domiciled fund with investments managed by APN Real Estate Securities (RES) .

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:

• Have a gross annual income yield (before management fees and expenses) that equates to at least 110% of the average yield of the S&P/ASX 200 A-REIT Index dividend yield, measured annually.
• Provide investors with a level of capital growth which at least matches increases in the Consumer Price Index (CPI) over a 5 – 7 year time horizon.
• Provide lower than market volatility.