IdB Real Estate Equity Fund
Fund Information
| Investment type |
European real estate equities |
| Domicile |
The Netherlands |
| Currency |
EUR |
| Initial charge |
max. 3% |
| Annual management fee |
1.5% |
| Performance fee |
20% |
| Dilution levy for subscription |
+0.20% |
| Dilution levy for redemption |
-0.20% |
| Listing |
Amsterdam |
| Dilution levy for redemption |
-0.20% |
| Dividend |
yes |
| Distributed in |
the Netherlands and the United Kingdom |
| Pricing |
daily |
The Insinger de Beaufort Real Estate Equity Fund invests in the shares of European REITs and real estate companies. The objective of the fund is to generate superior risk-adjusted returns, by reducing the volatility and protecting the downside using shorts and derivatives. Security selection is based on the expected total returns of different real estate securities using a fundamental bottom-up valuation model. As the European real estate market is not a homogenous market and rental growth cycles do not move in tandem, there is a large divergence between the returns of different real estate securities. The fund aims to capitalise on these differences by arbitraging between real estate securities in different property markets. On the long side, the fund focuses on specialised real estate companies in attractive property markets with a proven competitive advantage and value creation track record in that market. On the short side, the fund aims to find overpriced real estate securities in property markets with unattractive fundamentals. The fund also uses derivatives to manage the net exposure of the fund. The fund does not use leverage.
Available downloads
Annual Reports
Note 1: the annual report 2004 and semi annual reports are only available in dutch
Note 2: the annual reports are part of the prospectus
Disclaimer
Important information: This information has been prepared by Insinger de Beaufort Asset Management N.V. on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated are accurate and the opinions are fair and reasonable, neither Insinger de Beaufort Asset Management N.V., nor any director or employee, shall in any way be responsible for any reliance placed on its contents. Past performance is not necessarily a guide to future performance. The value of investments and the income from them can fall as well as rise and is not guaranteed.
