A full Pie fund is closed
Pie Funds is closing its Australasian Dividend Growth Fund to close to new investment after reaching capacity.
Tuesday, October 21st 2025, 7:51AM
Boutique fund manager Pie Funds says its Australasian Dividend Growth Fund will close to new investment.
Following a period of strong growth, the fund has reached its $400 million capacity and will close to new investment on 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 equities 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.
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