27th July 2016 – Schroder has announced that, from Monday 1st August 2016, the Schroder Global Real Estate fund will be renamed Schroder Global Cities Real Estate.
Commenting on the change, Robin Stoakley, Director at Schroder Unit Trusts Limited, said: “We believe that the strongest global cities will grow, in economic terms, faster than small cities and regions. 70% of the fund’s investments are exposed to companies that invest significantly in real estate in the top 30 cities in the world.*
Renaming the fund reflects our conviction that global cities are hubs for economic growth and development and that funds invested in real estate securities which own properties in successful urban centres worldwide will perform better than those that lack this exposure.”
The wording of the investment objective has been amended, but there has been no changed to the way the fund is managed.
*as ranked by Schroders proprietary Global Cities database