Smartshares NZ Property ETF Analysis

Overview

The NZ 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 NZ 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/NZX Real Estate Select Index. The S&P/NZX Real Estate Select Index is made up of the largest and most liquid members of the S&P/NZX All Index classified under the GICS Real Estate Industry Group, but excludes products issued by non-New Zealand issuers.

NPF has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted due to provisions in NPF'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 NPF's homepage on nzx.com.

Performance

No performance was provided by the company.