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SCBGPROP has the policy to focus on the investment in only one foreign mutual fund (“Feeder Fund”) i.e BGF World Real Estate Securities (“Master Fund”) D2 USD shares class, domicile in Luxembourg and under UCITS. The master fund managed by BlackRock Global Funds. The investment policy of the master fund aims to seeks to maximise total return. The Fund invests globally at least 70% of its total assets in the equity securities of companies whose predominant economic activity is in the real estate sector. This may include residential and/or commercial real estate focused companies as well as real estate operating companies and real estate holding companies (for example, real estate investment trusts).This Fund has an average net exposure in investment units of the foreign mutual fund of the accounting year at or more than 80 % of the Fund Net Assets Value (NAV).
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