AMP Capital NZ Property Fund
Fund overview
The NZ Property Fund provides investors with exposure to a diversified portfolio of direct New Zealand property. To achieve this, the Fund invests in managed property funds with direct property investments. The portfolio is designed to be well-diversified by location and by property type, offering a variety of sectors such as office, retail shopping centres and industrial.
Fund status
On 1 December 2010, the Unit Holders in the Fund approved a restructuring proposal for that Fund. As a result of this restructuring proposal, a new redemption queue was established on 1 August 2011. The redemption requests constituting the new redemption queue, representing approximately 7.5% of the units in the NZ Property Fund must, as at 8 December 2011 (following a redemption of units processed on that date which reduced the queue from the 1 August level of 9.3% to 7.5%), be satisfied no later than 18 January 2013. If the relevant repayment requests are not satisfied by this date, the NZ Property Fund must be wound up unless the Unit Holders approve an alternative course of action.
Key features
- A diversified property portfolio investing in the AMP Capital Property Portfolio (an unlisted fund which consists primarily of interests in commercial industrial and retail properties) or in other property funds managed by AMP Capital.
- It is intended that the Fund will invest in managed property funds however the fund may also invest directly in properties.
Please note the AMP Capital NZ Property Fund prospectus was registered on 23 September 2011, a copy of which can be found on the Companies Office website.
Fund facts as at 31 December 2011
| Code | AIF P |
| Type of fund | Unit Trust. This fund is a Portfolio Investment Entity (PIE). |
| Performance objective | To provide investors with an opportunity to participate in a well diversified direct property portfolio, and with returns comprising both income and capital growth returns consistently, over the medium to long-term. |
| Investment approach | Invests in the AMP Capital Property Portfolio (an unlisted fund which consists primarily of interests in commercial, industrial and retail properties) or in other property funds managed by AMP Capital. |
| FUM | $227.2 million |
| Inception date | 16 May 1995 |
| Minimum suggested timeframe | Long term (minimum seven years) |
| Risk profile | High |
Unit Prices
For more information on how AMP Capital can help you, please speak to your Financial Adviser or call us on 0800 400 499.
| Product Name | Product Code | Entry Price | Exit Price | Base Price | Effective Date |
|---|---|---|---|---|---|
| AMP Capital NZ Property Fund | AIF P | 1.39971 | 1.37186 | 1.39275 | 2/02/2012 |
View the historical unit prices for this Fund.
Important: The unit prices displayed in this section are indicative only.
Unit prices are provided for your information only and are not guaranteed. They are based on historical data and you should not rely on the above information as the basis for making any investment, financial or other decision as past unit prices are not a reliable indicator of future unit prices. During the time it takes to process an application or redemption application, the unit price may vary and the actual unit prices applying to applications and redemptions may differ from those displayed in this section.
Neither AMP Capital Investors nor any company within the AMP Group makes any representation or warranty as to the reliability, completeness or accuracy of the unit price information or accepts any responsibility arising in any way (including by reason of negligence) for errors in or omissions from the unit price information. The information in this section is not an offer or recommendation of securities or other financial products offered by the AMP Group and is not an invitation to take up securities or other financial products. Investors should consider the relevant Investment Statement available from AMP Capital Investors for the relevant fund before making any decision regarding the product. If unit prices are not available for today then the latest available prices will be displayed. Unit prices are not calculated on weekends or public holidays.
Performance
AMP Capital Investors is a manager of a wide range of products suitable to a variety of investors including superannuation schemes, charities, corporates and individuals. Should you require any further information, please contact us on 0800 400 499 or email clientservicecentre@ampcapital.co.nz.
Our fund performance figures are shown before tax, before fees and assume that income is reinvested.
View information on entry fees, exit fees and distributions.
| NZ PROPERTY | Product returns (%) as at 30 Dec 2011 | |||||
|---|---|---|---|---|---|---|
| Investment Sector | 3 Mths | 1 Year | 3 Year | 5 Year | Download | Download |
| AMP Capital NZ Property Fund (AIF P) | 1.29 | 0.22 | -9.92 | -2.50 |
Investment Statement
| Fact Sheet |
Neither AMP Capital Investors (New Zealand) Limited , nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return. Past performance is not a reliable indicator of future performance. Every effort has been made to ensure the accuracy of this information, however, AMP Capital (New Zealand) Limited nor any other company in the AMP Group gives any warranty of reliability, or accuracy, nor accepts any responsibility arising in any way from errors or omissions.