They manage more than £3.3 billion in property securities globally, and this focussed fund was launched in the UK in September 2006. The manager is not tied to a benchmark, and this flexibility creates the opportunity for outperformance of the index (though also underperformance).  For us the key is that falls in recent months of 20-30% in major Asian markets create a long term buying opportunity. 

Property will be a key asset class as the long term Asian growth story unfolds in the years ahead.  It is more than a tactical buy, and recent price weakness creates a low cost entry point.  It invests in property shares, so is higher risk, and is not a bricks and mortar fund.  Suitable for up to 5% of a diversified portfolio. 

To achieve a total investment return comprising income and long term capital growth primarily through investing in a broad selection of mostly Asian and, to a lesser extent, Australian and New Zealand securities, issued by real estate investment trusts or companies that own, develop or manage real property.