Category: Open Ended Investment Company
The fund is passively managed. The aim is for your investment to reflect the performance, before fees and expenses, of the FTSE EPRA/NAREIT Developed Europe Ex UK Capped Net Index (index) which is designed to reflect the performance of the shares of certain property companies (including real estate investment trusts) listed in European developed countries, excluding the United Kingdom. The weighting of a company on the index depends on its size, based on the combined value of a company’s shares compared to other companies. The index is calculated on a total return net basis which means that all dividends and distributions are reinvested in the index after tax. The composition of the index is reviewed annually. To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of derivatives. The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. The currency of the fund is EUR. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.