The objective of the SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF is to track the performance of the listed real estate market in Europe. It aims to do this by tracking the FTSE EPRA/ NAREIT Developed Europe ex-UK Index as closely as possible.
The FTSE EPRA/NAREIT Developed Europe ex-UK Index tracks the performance of listed real estate companies and equity real estate investment trusts ('REITS') operating in Europe but excluding the UK whose relevant activities are defined as the ownership, disposal and development of income-producing real estate. The index constituents are free float-adjusted, liquidity, size and revenue screened and the index is calculated as a market capitalisationweighted net TR Index