Bestinvest says
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This is a balanced property product, offering investors a relatively inexpensive means of gaining diversification across property managers and access to more specialist funds with complex structures. At the same time there is the potential for the manager to add value through asset allocation and stock selection. The fund will target returns through both income and capital appreciation. The portfolio will be structured on a core satellite basis, the former providing exposure to balanced liquid funds, the latter consisting of more specialist opportunities which may provide above average income or capital growth. The manager will also seek to enhance returns by taking advantage of mispricing between direct property and property equities listed on the LSE.