First Plus Asia Pacific Property REIT Fund-R
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 (FP APREIT-A)
2) Auto-Redemption (FP APREIT-R)
Renamed from KWI APREIT-R More details
The fund focuses on investing in Real Estate Investment Trusts established under foreign law (Foreign REITs) and/or trusts or entities organized as companies or other legal forms under foreign law, and/or property funds, and/or mutual funds/ETFs that focus on investing in instruments related to real estate or companies engaged in real estate development businesses, which are listed for trading or in the process of an Initial Public Offering (IPO) on stock exchanges in the Asia-Pacific region, averaging not less than 80% of the fund's net asset value over the fiscal year.
The remaining portion may be considered for investment in units of Infrastructure Funds and/or other securities or assets, or for generating returns through other methods as prescribed by the Office of the Securities and Exchange Commission (SEC).
In addition, the fund may consider investing in or holding derivatives contracts for the purpose of hedging against foreign currency exchange rate risk (FX hedging), at the discretion of the fund manager as appropriate to the circumstances at each given time. This may incur costs for the hedging transactions, which could reduce the fund's overall returns due to the increased costs.
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