Down/Up Equity Trust Securities (duETS) were designed to enable institutional investors to quickly and easily gain investment exposure to commercial real estate and experience returns tied to a private commercial real estate index.
duETS are tied to the changes in a particular underlying index over a certain two-year period, ending at a Valuation Date. Each series of the Global Index Group Real Estate Trust (the “Trust”) issues two classes of equity securities, Up Securities and Down Securities. The number of Up Securities and Down Securities in each class is always equal. At the Valuation Date, by formula, the dollar gains in the Down Securities are mirrored by losses in the Up Securities, and vice versa.