AXA WF Europe Real Estate I EUR

Investment Objective The Sub-Fund seeks to achieve long term capital growth measured in Euros by investing mainly in listed equity issued by companies engaged in the real estate sector, domiciled or exercising the main part of their activities in Europe. Investment Policy The Sub-Fund is actively managed in order to capture opportunities in the Regulated European real estate markets, by mainly investing in equities of companies that are part of the FTSE EPRA/NAREIT Developed Europe Capped 10% Total Return benchmark index ("the Benchmark") universe. As part of the investment process, the Investment Manager has broad discretion over the composition of the Sub-Fund's portfolio and can take, based on its investment convictions, large overweight or underweight positions on the countries or companies compared to the Benchmark's composition and/or take exposure to companies, countries or sectors not included in the Benchmark, even though the Benchmark constituents are generally representative of the Sub-Fund's portfolio. Thus, the deviation from the Benchmark is likely to be significant.Investment decisions are based on a combination of macroeconomic and industry analysis and share selection. The share selection process relies mainly on a rigorous analysis of the companies' business model, the quality of the management, growth prospects, the nature of the underlying assets and the overall risk return.The Sub-Fund invests permanently at least two thirds in transferable securities issued by companies engaged in the real estate industry, domiciled or which exercise the predominant part of their economical activities in Europe.The Sub-Fund may invest in equity securities of any market capitalisation (including small and micro-sized companies). The Sub-Fund may invest up to one third of its net assets in money market instruments, money market funds and bank deposits.Within the limit of 200% of the Sub-Fund net assets, the investment strategy may be achieved by direct investment

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No