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Real Estate - Rental Market Industry
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 BPO Properties, Ltd., a real estate investment company, engages in the acquisition, ownership, and management of premier real estate properties. The company’s assets comprise primarily commercial office properties located in Canada. BPO's portfolio of properties features office properties, primarily in Toronto and Calgary, in addition to regional and community shopping centers.
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OTC PK:CDPYFCanadian Apartment Properties Real Estate Investme
 Canadian Apartment Properties Real Estate Investment Trust operates as a real estate investment trust (REIT) owning freehold interests in multi unit residential rental properties, including apartments and townhouses, located in major urban centres across Canada. As of September 30, 2003, the company's portfolio included 13,166 residential suites in Ontario, Quebec, Nova Scotia, Alberta, and Saskatchewan. As a REIT, the company is not liable for tax on its income, which is distributed to its shareholders.
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OTC PK:HNLGYHang Lung Group, Ltd. American Depositary Shares
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OTC PK:HLPPYHang Lung Properties Ltd American Depositary Shares
 Hang Lung Properties Limited operates as a property development and investment company in Hong Kong. It leases retail, office, residential, industrial office, and car parking properties.
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OTC PK:MITEYMitsubishi Estate Co Ltd American Depositary Shares
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OTC PK:MGRYMontgomery Realty Group, Inc.
 Montgomery Realty Group, Inc., a real estate company, engages in the ownership, leasing, management, operation, development, renovation, acquisition, and sale of real estate assets in the greater San Francisco Bay Area. Montgomery owns a retail shopping center in Contra Costa County, California; two office buildings in the city and county of San Francisco, California; and an undeveloped parcel of land referred to as the ‘Eccles Project’ in South San Francisco.
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OTC PK:RIOCFRiocan Real Estate Inv Tr
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 Rodamco Europe NV engages in the investment in and management of its shopping centers and other retail properties, office properties, and industrial/other properties, primarily in Netherlands, Sweden, France, and Spain. As of December 31, 2002, the company’s retail property portfolio consisted of 65 shopping centers and approximately 500 high street shops in 11 European countries, comprising a gross lettable area of approximately 2.7 million square meters. Its retail properties are located in key European cities with large catchment areas. The company also conducts its operations in Scandinavia, France, Spain, Poland, Czech Republic, Hungary, Germany, Belgium, and Ukraine.
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Investing by Industry or Market Sector employs non-emotional, numbers driven, value-based industry, sector, and country rotation techniques, that, unlike conventional stock picking methods, focuses instead on identifying and capitalizing on theme movements in the well identified industries & market sectors.

Primarily, this active-asset methodology recognizes that advances in financial markets are defined by "themes", or led by asset classes, industries, and countries, with each advance distinguished by specific sector-driven themes. Employing a disciplined research and valuation process these "themes" are identified so that Portfolio's can be created and/or adjusted toward the most attractive sectors.

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