Fund Objective

The Multi-Manager Global Real Estate Fund is designed to provide investors with exposure to a globally diversified portfolio of real estate securities. It seeks to outperform its benchmark with above-average consistency and with a lower tracking error relative to other managers.

View on Past Performance

During a volatile month, fears of inflation and a slowdown in global growth dampened investor sentiment. Global real estate securities declined during the quarter. North America was the best-performing region during the quarter.The UK was the worst-performing country in Europe primarily due to reports of losses in May from two of the country's largest real estate investment trusts, British Land and Land Securities.

Fund Details