KWI Asia Pacific Property REIT Fund-A
Fund of funds investing mainly in the investment units of property funds/REITs. Mutual fund units of the Fund are divided into 2 classes as follows:
1) Capital Accumulation (KWI APREIT-A)
2) Auto-Redemption (KWI APREIT-R)
Renamed from Manulife Asia Pacific Property REIT Fund-A (MN-APREIT-A) More details
The Fund aims to invest, at least an average of 80% of its NAV in any accounting period, in units of collective investment schemes/ REITs that are listed on Asia-Pacific stock exchanges or currently under an IPO process as follows:
- Foreign REITs and/or trusts or companies or other juristic persons incorporated under foreign laws with the main objective of investing in real estate or property development business in Asia-Pacific; and/or
- Property funds and/or mutual funds/exchange traded funds (ETFs) investing principally in instruments related to real estate or property development business in Asia-Pacific.
In addition, the Fund may consider investing in or holding derivatives contracts for hedging against foreign exchange risk.
This shall be pursued at the discretion of the fund manager to suit the current investment situation which may incur hedging cost and consequently lead to lower total investment returns.
Capital Accumulation Class (KWI APREIT-A): None