|Bid Price||-||Offer Price||-|
|Mid Price||GBX 152.70||Day Change||GBX +0.30 (0.20%)|
|Price Date||27 Jun 2017||Crown Rating|
|Shares Class||Inc.||Yield||1.36 %|
|Total Expense Ratio||0.00||Fund Size||328,276,100.00|
|Launch Date||26/11/2007||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||1.25||Sector||IMA UK Equity Income|
|Min Investment (£)||1,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00B28PNY57||Min TopUp (£)||500.00|
The fund seeks to provide long term capital growth. The Fund will predominantly invest in property securities and property related securities and collective investment schemes that, in turn, invest directly or indirectly in property, unlisted property and listed property securities. There will be no geographical restrictions. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and may use derivatives for the purposes of hedging and tactical asset allocation on a short or long term basis. On giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers as set out above, use derivatives for other investment purposes and for meeting the investment objective of the Fund (including but not limited to exchange traded and over the counter derivatives, forward and forward currency contracts and other investment techniques permitted in the COLL sourcebook). Using derivatives in this way may mean, in particular, maintaining positions in these investments for the long term. However, where derivatives are used for the purposes of meeting the investment objective of the Fund it is not intended that the use of derivatives would raise the risk profile of the Fund.
Dr. Guy Morrell
Guy joined HSBC in 2004 to establish its indirect property team. Guy is the Portfolio Manager of the HSBC Open Global Property Fund. He has 29 years’ experience in property investment. He was formerly Chief Investment Officer Global Property at Henderson Global Investors having joined the group in 1996 to head up AMP’s property fund management team. Previously he worked at Prudential Portfolio Managers and Healey & Baker. Guy holds a PhD from the University of Reading a first class honours BSc from De Montfort University and is a chartered surveyor. He is a member of the Investment Property Databank (IPD) Consultative Groups and is a Visiting Fellow at the London School of Economics Department of Geography and the Environment.