NZ PIE Funds

About Portfolio Investment Entities (New Zealand PIE funds)

A portfolio investment entity (PIE) is a New Zealand domiciled fund that pools investment contributions from investors and invests in different types of investments. PIE funds came into existence on 1 October 2007 under legislation in Part HM of the Income Tax Act 2007 (NZ PIE tax rules).

NZ PIE tax rules allow investment funds to pay tax on each investor’s share of the fund’s investment income, at each investor’s Prescribed Investor Rate (PIR). The top PIR for individuals is 28% and as such, investors may find that their PIR is lower than the tax rate applying to other taxable income such as salary, wages and interest income.  It’s important you check and know your correct PIR rate before investing. To determine your PIR, go to http://www.ird.govt.nz/toii/pir/. If you are unsure of your PIR, we recommend you seek professional advice or contact the Inland Revenue Department.

Implemented Investment Solutions Limited in Wellington, New Zealand is the Manager of Antipodes Investment Funds (the “Funds”) and is responsible for collecting each investor’s share of the tax payable from their investment account and for paying Inland Revenue Department (IRD). If your share of tax credits are more than your share of tax payable, a tax rebate is sometimes claimable from IRD. A tax statement is sent to each PIE investor at the end of each tax year, and generally there’s no need for an individual to include their share of the fund’s investment income in a personal tax return.

The Antipodes Global Fund (PIE) and Antipodes Global Fund – Long  (PIE) were registered under the laws of New Zealand on 23 July 2018.

Antipodes Global Fund (PIE)

The Antipodes Global Fund (PIE) (the “Fund”) is managed by Implemented Investment Solutions Limited (the “Manager”), with investment management undertaken by Antipodes Partners Limited (the “Investment Manager”). The Fund was registered under the Financial Markets Control Act 2013 (FMC Act) in New Zealand on 23 July 2018.

The aim of the Fund is to achieve absolute returns in excess of the MSCI All Country World Net Index in NZD (the Index) over the investment cycle (typically 3-5 years).

Details of the Fund, including product and marketing documentation, unit pricing and performance information is available on the appropriate tab above.

Antipodes Global Fund - Long (PIE)

The Antipodes Global Fund (PIE) (the “Fund”) is managed by Implemented Investment Solutions Limited (the “Manager”), with investment management undertaken by Antipodes Partners Limited (the “Investment Manager”). The Fund was registered under the Financial Markets Conduct Act 2013 (FMC Act) in New Zealand on 23 July 2018.

The aim of the Fund is to achieve absolute returns in excess of the MSCI All Country World Net Index in NZD (the Index) over the investment cycle (typically 3-5 years).

Details of the Fund, including product and marketing documentation, unit pricing and performance information is available on the appropriate tab above.

Fund Documents

Contact us

Distribution – New Zealand

 

Contact person:

David Batty

Telephone:

+64 (0) 21 288 0303