爱魔域

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the MSCI UK IMI Liquid Real Estate Index, the Fund’s benchmark index (Index). The Share Class, via the Fund, aims to invest so far as possible and practicable in the equity securities (e.g. shares) and fixed income (FI) securities (e.g. bonds) that make up the Index. The Index aims to measure the performance of the UK real estate market through exposure to UK Real Estate Investment Trusts (REITs), property companies and liquid FI transferable securities. As REITs are typically investment vehicles which have significant debt obligations, and REITs and property companies have a risk and reward profile close to that of an equity security, liquid FI securities are used within the Index to reduce the impact of debt obligations, volatility and the performance of equity markets on its returns. The FI securities are UK inflation linked bonds, which are investment grade (i.e. meet a specified level of credit worthiness) government bonds the value of which is linked to a rate of inflation. At each Index rebalance, the proportion of bonds comprising the Index is adjusted to match the weighted average level of debt obligations in the UK REITS and property companies comprising the Index. Liquid means that the FI securities that make up the Index can be easily bought and sold in the market in normal market conditions. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it.