Summary
The purpose of the Global Develop Real Estate RI Index Pool is to provide access to a diversified portfolio of equity and equity-related products of listed real estate entities established or otherwise predominantly active in developed markets and to provide a return that is similar to the benchmark. The Pool seeks to track an index that selects and re-weights entities based on ESG criteria and sustainability frameworks. The index excludes all constituents that are on the Exclusion List based on product-related and UNGC exclusion and includes companies that are classified by APG as Real Estate ESG Leaders. The index makes use of optimization techniques to include companies with sound governance, solid reputation, no harm and CRREM alignment, and controlled factors and tracking error risk versus a market-cap weighted parent index. The parent index is the iSTOXX Developed Real Estate index.