The Republic of Serbia Securities Commission has noticed that the website located at the following address sref.rs promotes investing in real estate investment funds. However, to this moment the Securities Commission has not issued a single authorization for an alternative investment fund investing in real estate. The Commission has issued this warning to investors, alerting investors to conduct an in-depth research before any intended investment. Please consult the registers of licensed i.e. authorized entities the Commission maintains at its website and check whether the company in question has the authorizations to conduct the activities and services it claims to provide.