Pathfinder Global Property Fund
The Global Property Fund is designed to provide NZ investors with a liquid, diversified, currency managed global property exposure, and deliver a portfolio yield similar to NZ property stocks. We believe global diversification is important as New Zealand investor portfolios are often heavily overweight a small number of NZ property stocks (yet the NZ market makes up less than 0.1% of global stock markets).
Property stocks often behave differently to the wider stock market and are regarded as having an element of inflation protection. The fund will directly hold up to 100 listed property stocks, including an allocation to New Zealand. Investing in global property delivers much greater diversification across countries, sectors, company sizes, sources of revenue and management styles.
Our fund invests in property companies (and property trusts) listed in Developed Markets - initial allocations will be across 10 countries. Based on our valuation metrics we can over or under weight property sectors and individual countries within the fund.
If you would like a comprehensive explanation of how the fund works please contact Paul or John directly or read the Product Disclosure Statement.
Pathfinder has implemented robust processes to comply with the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009. Steps to verify your identity, address and bank account are set out in the fund's application form (at the back of the Product Disclosure Statement).