Goodman Property Trust gets regulatory approvals for new fund

Goodman Property Trust gets regulatory approvals for new fund

Goodman Property Trust has recently received regulatory approvals for its new fund, marking a significant milestone in the company's expansion into the New Zealand investment market. The approvals, granted by the Financial Markets Authority (FMA), pave the way for the launch of Goodman Property Trust's New Zealand listed property fund.

The new fund, managed by Forsyth Barr Investment Management Limited, will be part of the Octagon Asset Management Limited scheme. The fund commenced operations on June 26, 2008, and is structured as a Portfolio Investment Fund (PIE) [1]. Investors are advised to consider a minimum suggested investment time frame of at least five years to align with the fund's investment objectives.

The fund aims to track the S&P/NZX All Real Estate Gross with Imputation Index, providing investors with exposure to the New Zealand real estate market. The fund's currency is denominated in New Zealand dollars. Investors should refer to the Product Disclosure Statement for detailed information about the fund and the Octagon Investment Funds Scheme.

The annual fund charges are currently set at 1.15% p.a. of the value of the investment. These charges cover management, administration, and supervisor fees, all of which are quoted exclusive of GST [1].

Goodman Property Trust's new fund offers investors a unique opportunity to participate in the New Zealand real estate market through a professionally managed investment vehicle. The approvals by the FMA underscore the fund's compliance with regulatory standards and its potential to provide investors with a stable and diversified investment option.

References:
[1] https://www.octagonasset.co.nz/our-funds/listed-property-fund/