LO IS (CH)
Swiss Real Estate Securities

LO Institutional Strategies (CH) - Swiss Real Estate Securities invests primarily via publicly traded real estate mutual funds and, to a lesser degree, in listed real estate companies. The investment objective is to achieve long-term capital growth and to beat the SXI Real Estate® Funds TR benchmark index (registered trademark of SIX Swiss Exchange AG) over a three-year period. The selection process is based on both qualitative and quantitative criteria. The qualitative component consists primarily of evaluating the managers in terms of their real estate and financial acumen, plus analyzing the geographical and sector positioning of the real estate portfolio. The quantitative component involves evaluating factors such as the quality of real estate returns, the performance and dividend track record, liquidity, and the difference between the stock market price and the NAV. The fund is exposed primarily to the risk of geographical concentration in the main Swiss economic regions and to sector risks through its heavy focus on residential and commercial real estate.