Translation of "Bourse prélevée sur fond immobilier " (French → English) :

Our members include publicly traded real estate companies, real estate investment trusts, private companies, pension funds, banks, and life insurance companies, each with investment assets in excess of $100 million.

I agree with CESR, the Committee of European Securities Regulators, that it ought to be possible, to a certain degree, to add quoted real-estate funds, the so-called REITS (Real Estate Investment Trusts), private equity funds and certificates to the mix.

42. Welcomes the CESR advice on eligible assets for investments of UCITS and supports the inclusion of listed real estate investment trusts, private equity funds and certificates among the eligible assets for investment and calls on the Commission to examine with all stakeholders whether a provision on the basis thereof can be achieved without primary legislation; regrets, however, that funds of hedge funds have remained outside the CESR mandate; calls on the Commission to examine whether a provision to this effect should be incorporated into the scheme of Directive 85/611/EEC; stresses that UCITS must continue to fulfil the risk-mana ...[+++]gement requirements set out in the directive as well as Commission Recommendation 2004/383/EC on the use of financial derivative instruments for UCITS while leading to common risk management practices;

42. Welcomes the CESR advice on eligible assets for investments of UCITS and supports the inclusion of listed real estate investment trusts, private equity funds and certificates among the eligible assets for investment and calls on the Commission to examine with all stakeholders whether a provision on the basis thereof can be achieved without primary legislation; regrets, however, that funds of hedge funds have remained outside the CESR mandate; calls on the Commission to examine whether a provision to this effect should be incorporated into the scheme of Directive 85/611/EEC; stresses that UCITS must continue to fulfil the risk-mana ...[+++]gement requirements set out in the directive as well as Commission Recommendation 2004/383/EC on the use of financial derivative instruments for UCITS while leading to common risk management practices;