AXA WF-Glob.Real Est. E Cap EUR/  LU0266012409  /

The Sub-Fund seeks to achieve long term capital growth measured in Euro by investing mainly in listed equities issued by worldwide companies engaged in real estate sector. The Sub-Fund is actively managed in order to capture opportunities in the international real estate market, by mainly investing in equities of companies that are part of the FTSE EPRA/NAREIT Developed Total Return Net benchmark index ("the Benchmark") universe. As part of the investment process, the Investment Manager has broad discretion over the composition of the Sub- Fund's portfolio and can take, based on its investment convictions, large overweight or underweight positions on the countries or companies compared to the Benchmark's composition and/or take exposure to companies, countries or sectors not included in the Benchmark, even though the Benchmark constituents are generally representative of the Sub-Fund's portfolio. Thus, the deviation from the Benchmark is likely to be significant.

The Sub-Fund seeks to achieve long term capital growth measured in Euro by investing mainly in listed equities issued by worldwide companies engaged in real estate sector.