Changes to the Scottish Equitable Schroder Global Property Securities fund

Back to results

On 1 August 2016, the fund objective of the Scottish Equitable Schroder Global Property Securities fund changed.

What’s changed?

Schroders, the underlying fund manager, has amended the fund’s investment policy to make it clear that it will focus on real estate companies based in in the top 30 cities in the world (as ranked by their proprietary Global Cities database). As a result, the investment objective has been updated.

The underlying fund name was also changed to the Schroder Global Cities Real Estate fund, but the Aegon fund name will not change. It will remain the Scottish Equitable Schroder Global Property Securities fund.

The way the fund is managed has not changed.

Why have the changes been made?

Schroders believes that the strongest global cities will grow, in economic terms, faster than small cities and regions. The new fund objective reflects this.

The changes to the fund objective are detailed in the table below:

Fund objective before 1 August 2016 Fund objective from 1 August 2016
This fund aims to provide a total return (income plus capital growth) by investing in global securities such as real estate investment trusts, equity and debt securities of property companies worldwide. Investment will be in directly held transferable securities however, the fund may also invest in collective schemes, derivatives, cash, deposits, warrants and money market instruments. This fund aims to provide a total return (income plus capital growth) by investing at least 80% of its assets in equity and equity related securities of real estate companies worldwide which generate the majority of their earnings from real estate investment related activities. The fund seeks exposure to companies that invest in cities that the manager believes will exhibit continued economic growth, supported by factors such as strong infrastructure and supportive planning regimes. It may also invest in collective investment schemes that invest in equity and equity related securities of real estate companies, warrants and money market instruments, and may hold cash.

There’s no guarantee that the fund’s objectives will be met. The value of this investment can go down as well as up and investors may get back less than they invested.

What do investors need to do?

Existing investors don’t need to do anything. The fund manager, charges and Aegon risk rating remain the same.

Please speak to financial adviser if you’re unsure about what the changes mean for you. You can find one in your area at unbiased.co.uk(Opens new window)