Investment objective The Investec Property Equity Fund aims to grow income and capital. The fund targets returns in excess of the SA Listed Property Index, measured over three year periods. Strategy The fund maintains an exclusive focus on interest-income generating South African listed property stocks, specifically Property Unit Trusts (PUTs) and Property Loan Stocks (PLSs). The investment team utilises Investec Listed Property Investments' proprietary research platform to assist in the screening and selection of listed property securities. The focus is on sourcing lines of stock at attractive prices and identifying value opportunities relative to the sector in order to achieve out performance. Fund features o Attractive and growing income returns o Long-term capital appreciation o An investment underpinned by tangible assets with fairly predictable income streams o Diversification from a general equity portfolio o Active exposure to the South African listed property sector o Fund's volatility is similar to a general equity fund