Smartshares Australian Property ETF

The Australian Property Index Trust (ASP) is a unit trust, as defined in the Unit Trusts Act 1960. The beneficial interest in the Fund is divided into units with each unit representing an equal interest in the assets of the Fund but not conferring any interest in any specific asset of the Fund.

The objective of the Fund is to provide a return to unit holders that closely matches the return on the S&P/ASX 200 A-REIT Equal Weight Index.

This Property fund gives investors exposure to entities listed on the ASX which are included in the S&P/ASX 200 index and which are also classified as Australian Real Estate Investment Trusts. An Australian Real Estate Investment Trust is a company that owns, and generally operates income by producing real estate. These investment vehicles must have most of their assets and income tied to real estate investment.