All asset management decisions are made together with the Marriott Investment Committee using an income-focused approach to investing.
FUND OBJECTIVES AND FOCUS
The objective and mandate of this fund is to provide a high and growing income stream from a portfolio of internationally listed real estate securities as well as long-term capital growth. The investment universe for this fund is listed real estate securities on international stock markets. The fund benchmark is a yield comparable to the JP Morgan Global Bond Index Yield. The Marriott Global Real Estate Fund is reported in rand and mirrors the Marriott International Real Estate Fund. Its mandate is therefore identical.
The Marriott Global Real Estate Fund invests in globally listed real estate securities that in turn are managed by real estate property managers. Each of these managers ensures that the securities, through their underlying properties, provide a consistent and growing income to their shareholders. This income, received from around the world, is passed to local unit holders. The fund's benchmark is JP Morgan Global Bond Index Yield.