Leading New Zealand-owned boutique fund manager Pie Funds has announced its high performing Australasian Dividend Growth Fund will close to new investment from 22 October 2025.

Following a period of strong growth, the fund has reached capacity. The final day investments will be accepted in the fund will be 21 October 2025.

Pie founder and Chief Investment Officer Mike Taylor says closing the fund now is in the best interests of clients. 

“Under the direction of Lead Portfolio Manager Mike Ross, the Australasian Dividend Growth Fund has enjoyed a sustained period of outperformance and funds inflow. 

“Closing the fund now will allow Mike and the team the opportunity to extend our proud track record and continue delivering strong, long-term returns for our clients. 

“We know the small and medium ASX-listed companies space very well. Our Sydney investment team are experts in finding and exploiting growth opportunities for all four of our Australasian equitys funds.” 

Pie’s Australasian Dividend Growth Fund has significantly outperformed its benchmark since inception in 2011. It has returned 29.3% in the past year and delivered a 5x return for its original investors since it launched in 2011 – an average annual return of 16.6% p.a. The fund was awarded ResearchIP Australasian Equities Fund of the Year in 2021 and was a finalist in 2023. 

Following the closure, clients invested in the fund will continue to receive 6-monthly distributions, either in cash or reinvested in the fund. 

Pie is encouraging investors who want to continue building their exposure to Australian equities to consider the firm’s high performing Australasian Growth Fund or Australasian Growth 2 Fund. New funds invested in any open Australasian equities fund by 31 October 2025 could win the investor a $5,000 trip for two to Australia. Terms and conditions apply – full information can be found here. 

Information is current as at 22 September 2025. Pie Funds Management Limited (“Pie Funds”) is the issuer and manager of the funds in the Pie Funds Management Scheme and the Pie KiwiSaver Scheme (“Schemes”), the product disclosure statements of which can be found at www.piefunds.co.nz. Any advice is given by Pie Funds and is general only. Our advice relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees, like brokerage, if you act on any advice. As manager of the Schemes, we receive fees determined by your balance and we benefit financially if you invest in our products. We manage this conflict of interest via an internal compliance framework designed to help us meet our duties to you. For information about how we can help you, our duties and complaint process and how disputes can be resolved, or to see our disclosure statement, please visit www.piefunds.co.nz. Please let us know if you would like a hard copy of this disclosure information. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary. The information is given in good faith and has been derived from sources believed to be reliable and accurate. However, neither Pie Funds nor any of its employees or directors gives any warranty of reliability or accuracy and shall not be liable for errors or omissions herein, or any loss or damage sustained by any person relying on such information, whatever the cause of loss or damage. No person, including the directors of Pie Funds, guarantees the repayment of units in the Schemes or any returns of units in the Schemes.