Global Real Estate Value Fund - B - EUR/  LI0402109701  /

The investment goal of the manager is to provide investors with exposure to high quality real estate properties in supply constrained markets located around the world but doing so through real estate securities which provide daily liquidity. A long-term view to achieve attractive cash flow and capital growth with a limited risk profile is driving the portfolio allocation but at the same time sustainable real estate management and corporate governance are included in the valuation. ESG criteria is considered into the manager's selection process with a bias towards higher rated stocks. The manager believes specialized core-focused real estate companies out-perform over a complete real estate cycle. Through active management, we look to maximize yields and total return by taking advantage of inefficiencies in pricing. Nevertheless‚ the manager will look to create a portfolio of listed real estate companies with a focus on rental properties‚ best-in-class management teams and low leverage balance sheets. Besides investments in equity positions‚ the manager can also take advantage of opportunities in listed debt‚ such as preferred securities and derivatives in real estate securities to achieve the investment perspective of at least 7 percent total return p.a. with an optimal risk allocation.

The investment goal of the manager is to provide investors with exposure to high quality real estate properties in supply constrained markets located around the world but doing so through real estate securities which provide daily liquidity.