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With effect from 11 December 2024, we’re closing the SL abrdn Global Real Estate Share Life Fund (Fund code VA).
The current and new fund details are shown in the table below.
Current fund name | New fund name |
SL abrdn Global Real Estate Share Life Fund (Fund code VA) | SL abrdn UK Real Estate Share Life Fund (Fund code – 6A) |
Current fund description | New fund description |
The SL abrdn Global Real Estate Share Life Fund invests primarily in the abrdn Global Real Estate Share Fund. The aim of the abrdn Global Real Estate Share Fund is summarised below. The fund aims to provide long term growth from a combination of income and capital growth by investing predominantly in listed real estate investment trusts (REITs) and quoted property companies. The fund aims to hold a globally diversified portfolio of these assets and is actively managed by our investment team to try to take advantage of opportunities they have identified. Non-sterling denominated assets will typically be hedged back to sterling. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |
The SL abrdn UK Real Estate Share Life Fund invests primarily in the abrdn UK Real Estate Share Fund. The aim of the abrdn UK Real Estate Share Fund is summarised below. To generate income and some growth over the long term (5 years or more) by investing in UK property- related equities (company shares) including listed closed ended real estate investment trusts ('REITs'). Performance Target: To achieve the return of the FTSE 350 Real Estate Index plus 3% per annum (before charges) over rolling three-year periods. The Performance Target is the level of performance that the management team hopes to achieve for the fund. There is however no certainty or promise that they will achieve the Performance Target. The ACD believes this is an appropriate target for the fund based on the investment policy of the fund and the constituents of the index. The value of any investment can fall as well as rise and is not guaranteed – you may get back less than you pay in. |