Smartshares Australian Property ETF Analysis

Overview

The Australian Property Fund is a unit trust, as defined in the Units Trust Act 1960. The beneficial interest in the Fund is divided into units with each unit representing an equal interest in the assets of the Fund, but not conferring any interest in any specific asset of the Fund.

The Australian Property Fund's investment objective is to provide a return (before tax, fees and other expenses) that closely matches the return on the S&P/ASX 200 A-REIT Equal Weight Index. The S&P/ASX 200 A-REIT Equal Weight Index is a sector sub-index of the S&P/ASX 200 Index and is made up of Australian Real Estate Investment Trusts (A-REITs).

ASP has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted due to provisions in ASP's Trust Deed which allow the fund manager to take steps to ensure statutory limits on the size of an investor's holdings. For further information, please see a copy of the waiver under Documents on ASP's homepage on nzx.com.

Performance

No performance was provided by the company.