As the name suggests, this fund is very global in nature, with nearly two-thirds invested abroad. It is managed by Oscar Belaiche and Tom Dicker using their “Quality at a Reasonable Price” approach that looks for real estate companies and REITs that have strong balance sheets, and excellent management teams with “skin in the game”. The portfolio is diversified, holding more than 50 names, with the top ten making up about a third of the fund. Performance, particularly on a risk adjusted basis, has been strong. Given the global reach of the fund, I believe it has the potential to continue to deliver decent returns into the future.