To generate income and some growth over the long term (5 years or more) by investing in European property-related equities including listed closed ended real estate investment trusts (REITs). Performance Target: To achieve the return of the FTSE EPRA Nareit Europe (UK Restricted) 10% Capped Index plus 3% per annum over rolling 3 year periods (before charges). The fund invests in equities and equity-related securities of companies that derive a significant proportion of their revenues or profits from European real estate operations or have a significant proportion of their assets in European real estate. European countries can include the UK and the emerging markets of Europe.
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