Q&A
Listed Property in New Zealand
Four questions investors most often ask about listed property funds in the ManagedFundsNZ coverage. Numbers are computed at build time from the FMA Disclose register and checked at publish.
What is a listed property fund?
Funds investing in listed property companies and Real Estate Investment Trusts (REITs). Provides equity-like exposure to commercial, industrial, retail and residential property.
What annual fee should you expect to pay?
Annual fund charges in this category sit between 0.25% and 2.52% per annum, with a median of 1.02% across the 15 listed property funds where the FMA Disclose register publishes a charge. Annual fund charge covers the management fee and underlying fund expenses. Performance fees and transaction spreads sit on top of this number.
What's the FMA risk-indicator range?
Funds in this category carry FMA risk indicators between 4 and 6 on the 1-to-7 standard scale (where 1 is the lowest historical volatility band and 7 the highest), measured across the 15 funds in the category that publish a risk-indicator value. The FMA's risk indicator is a backwards-looking measure of return volatility — it does not predict future loss.
Who are the active providers?
13 fund managers run at least one listed property fund in our coverage.