International Real Estate Securities

The objective of the strategy is to provide long term capital appreciation through investment in Property Company equities and equity related securities which are listed on major exchanges and markets located throughout the world, in particular in Europe and Asia but excluding the United States.  The strategy will invest primarily in equity securities of Property Companies and REITs which have as their primary objective the ownership and management of real estate assets. The investments of the strategy will primarily be selected from the securities that are the constituents of the FTSE EPRA/NAREIT Developed ex US Index Net TRI. As it is not intended to track the Index, the Investment Manager & Distributor will not be constrained by the weightings of the constituents of the Index.

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