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The investment seeks maximum long-term total return through a combination of current income and capital appreciation. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. and non-U.S. real estate and real estate-related issuers. It invests primarily in REITs and other equity securities. The fund will invest at least 40% of its total assets in securities of non-U.S. issuers, unless market conditions are not deemed favorable by the portfolio manager, in which case the fund would invest at least 30% of its net assets in securities of non-U.S. issuers. It is non-diversified.
Name | Title | Since | Until |
---|---|---|---|
Scott P. Hastings | Portfolio Manager | 2016 | Now |
Biography | Scott P. Hastings, CFA, CPA, Vice President, currently serves as a portfolio manager at Delaware Management Company. Previously, he was a senior equity analyst for the RESIS group, where he performed fundamental bottom-up stock research across several subsectors of the domestic REIT universe, and focused on opportunities in Canada, Europe, the United Kingdom, and Australia for the firm’s global REIT effort. Hastings joined Delaware Investments in 2004 as an analyst for the firm’s RESIS group. Prior to joining the firm, he was a senior auditor with Deloitte & Touche. Hastings earned a bachelor’s degree from Providence College and an MBA from Vanderbilt University. He is a member of the American Institute of Certified Public Accountants and the CFA Society of Philadelphia. | ||
Babak Zenouzi | Senior Vice President | 2007 | Now |
Biography | Mr. Zenouzi is the lead manager for RESIS group at Macquarie Investment Management, which includes the former Delaware Investments. He is also a member of the firm’s asset allocation committee and Urban Land Institute. He rejoined the firm in May 2006 as senior portfolio manager and head of real estate securities. He left in 1999 to work at Chartwell Investment Partners as partner and senior portfolio manager from 1999 to 2006. He began his career with The Boston Company as analysis. Zenouzi earned a master’s degree and a bachelor’s degree in finance from Babson College. | ||
Damon J. Andres | Vice President | 2007 | Now |
Biography | Damon J. Andres, CFA Vice President, Senior Portfolio Manager Damon J. Andres joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in 1994 as an analyst, and is currently a senior portfolio manager for the firm’s real estate securities and income solutions (RESIS) group. From 1991 to 1994, he performed investment-consulting services as a consulting associate with Cambridge Associates. Andres earned a bachelor’s degree in business administration with an emphasis in finance and accounting from the University of Richmond. |
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