The Fund aims to achieve a combination of income and capital growth and to outperform the FTSE EPRA/NAREIT Developed Index, net of charges, over rolling five year periods. The emphasis of the Fund is investment in a globally diversified portfolio of property related securities of entities which generate rental income. Investment will be in transferable securities which are primarily (at least 70%) Real Estate Investment Trusts (REITs) or real estate companies. The Fund may also hold cash for liquidity purposes.