Hi Several months ago there were several posts regarding Australian Unity Property Securities Growth - most of them critical about the lack of information from Australian Unity regarding the sudden drop in unit price and the no reasons provided for closing the fund. Australian Unity continue to excel in this area and one wonders about the calibre of the managers. The latest Morningstar ranking on returns shows that the Growth fund rated bottom of 119 similar funds - 119/119. The returns for the past 12 months are negative with whopping losses in the last 6 months. Yet still nothing by way of explanation from Australian Unity. I'm certainly not hanging around for 5-7 years to see whether they will achieve benchmark performance - I know the answer now. I think I know why they closed the Securities fund/s - open up a rebadged fund every couple of years and you don't have to show a dismal track record. Tony PS I had $100k in this fund - its now considerably less.