TAYA

Fund of REITs Fund

The Fund of REITs (Real Estate Investment Trusts) is a unit-linked fund that gives access to predominantly commercial property by investing in a selection of Irish REITs established under the Irish Government's REIT legislation (2013).

Main features

  • Indicative Initial Allocation: Green REIT (80%) & Hibernia REIT (20%).
  • Can incorporate any number of Irish REITs going forward.
  • Allocation to specific REITs is actively managed by Zurich Life.
  • Daily priced, liquid fund – investors can move in an out of the fund without the threat of a deferral period.
  • Risk rating: 6

Who should invest in the fund?

  • Suitable for investors who are comfortable with a high level of risk.
  • Appeals to investors with a medium to long-term investment horizon.
  • Investors who are willing to accept the risks inherent in the volatility of property related investments.

Find out if this fund is available for your product choice (PDF - 210 KB)

How it works

A REIT is a publicly listed company whose main activity is the ownership and management of property-related assets. These can include offices, warehouses, retail/shopping centres, commercial sites for redevelopment and hotels. An Irish REIT must:

  • Distribute at least 85% of its property related income, net of management charges, by way of dividends to shareholders.
  • Generate at least 75% of income from property rental.
  • Have a loan to value of ≤50%.

The fund may also hold up to 20% of its assets in cash. In terms of currency, the fund is managed from the point of view of a eurozone investor. This fund is managed by Zurich Life Investments.

Asset Split**

Annualised Performance (%)*

*Notes: Annual management charges (AMC) apply. The fund performance shown is before the full AMC is applied on your policy.

Returns are based on offer/offer performance and do not represent the return achieved by individual policies linked to the fund.

The fund price/performance shown is for the Pension / Gross of Tax Funds category.

*Source: Zurich Life

**Note: Asset Splits are updated monthly.

Why Zurich?

Our investment team is based in Blackrock, Co. Dublin and is responsible for managing funds of approximately €21.6 billion*. The most senior members of the investment team have been together for more than fifteen years. It is the close co-operation of our fund managers in making investment decisions across assets, sectors and markets that differentiates us from other fund managers. We have an integrated team-based investment process which ensures that we implement our investment strategy quickly and effectively. We are active investment managers with a macro-economic approach, which is top-down and asset allocation driven. We construct our portfolios to allow us to take advantage of opportunities over all parts of the economic cycle. Zurich has an excellent reputation for investment performance and customer service.

*Source: Zurich, March 2017.

Warning: Past performance is not a reliable guide to future performance.
Warning: Benefits may be affected by changes in currency exchange rates.
Warning: The value of your investment may go down as well as up.
Warning: If you invest in these funds you may lose some or all of the money you invest.

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