DGAP-News: New SEB Asia Pacific REIT Fund focuses on high current income from REITs in the Asian growth market
(firmenpresse) - DGAP-News: SEB Asset Management / Key word(s): Funds/Real Estate
New SEB Asia Pacific REIT Fund focuses on high current income from
REITs in the Asian growth market
30.05.2012 / 12:30
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SEB Asset Management (SEB AM) has launched a new fund that invests
exclusively in REITs (real estate investment trusts) in the Asia-Pacific
region - SEB Asia Pacific REIT Fund. It aims to meet investors' demands for
a fund that generates high ordinary income through regular distributions,
without exposure to unpredictable risks. The SEB AM Fund management team is
based in Frankfurt and Singapore and is led by Thomas Körfgen, Head of Real
Estate Equities, and REITs Fund Manager Julian Mittag.
The SEB Asia Pacific REIT Fund allows corporate and private investors to
invest in one of the most dynamic investment regions in the world through
liquid, indirect property investments that can be traded on a daily basis.
'Asian REITs combine high dividend yields from ordinary income with the
appeal of the Asian property market. They offer German and European
investors in particular promising opportunities to expand their existing
portfolio to Asia as an investment location,' said Thomas Körfgen,
highlighting the Fund's key investment features. The Fund Manager believes
that distribution returns of around seven per cent gross are currently
possible at portfolio level. 'This provides a new attractive alternative to
supplement traditionally bond-heavy portfolios, in particular for investors
such as institutions, foundations, or family offices with a strong
preference for high ordinary income,' he explained. In addition, the
considerable size of the Asian REIT market enables targeted sector and
country allocation of properties.
A qualitative and quantitative screening model is used to select REITs with
attractive risk/return ratios, as well as proven management and corporate
governance. The Fund also uses a strict risk model that takes both
property-specific data and corporate KPIs into account. 'Securities are
selected according to our strict risk/return model, combined with the
existence of an incentive-based REIT management system that rewards the
creation of added value for shareholders. Growth must be purely
economically motivated and should be reflected in higher earnings per
share,' noted REITs fund manager Julian Mittag.
Universal-Investment-Luxembourg S.A. acts as the fund management company.
The SEB Asia Pacific REIT Fund is a Luxembourg FCP according to Part I of
the Law of 17 December 2010 and is UCITS-compliant.
Growing Asia-Pacific REIT market
The Asia-Pacific REIT market is currently the second largest in the world.
The Asian commercial property markets already outstrip Western Europe and
North America in terms of size. Real estate transaction volumes for Asian
REITs grew by approximately 19 per cent to a record USD 16 billion in 2011.
A large number of Asian REITs are currently preparing to IPO and are
expected to list within a year. 'The signs point to growth,' concludes
Körfgen. 'REITs will become an integral part of Asian real estate
allocation for a large number of investors in the near future'.
The Fund at a glance:
Fund name: SEB Asia Pacific REIT Fund
Legal form: Luxembourg FCP (Part I)
Portfolio management: SEB Investment GmbH, an investment company of SEB
Asset Management AG
Unit class A: LU0753286219, Launch date: 27 April 2012, Minimum investment:
EUR 5 million
Unit class C: LU0757781637, Launch date: 11 May 2012, Minimum investment:
none
A further unit class (B) for institutional investors is planned for the
near future.
Distribution: four times a year (February, May, August and November)
Press contact
SEB Asset Management
Brigitte Schroll, Head of Communications
Phone: +49 69 27299-1502
E-Mail: presse(at)sebam.de
Twitter: twitter.com/seb_am
SEB Asset Management
Karolin Sulzer, Press Officer
Phone: +49 69 27299-1503
E-Mail: presse(at)sebam.de
Twitter: twitter.com/seb_am
SEB Group
SEB is a leading Nordic financial services group. As a relationship bank,
SEB in Sweden and the Baltic countries offers financial advice and a wide
range of other financial services. In Denmark, Finland, Norway and Germany
the bank's operations have a strong focus on corporate and investment
banking based on a full-service offering to corporate and institutional
clients. The international nature of SEB's business is reflected in its
presence in 20 countries worldwide. On 31 March 2012, the Group's total
assets amounted to SEK 2,331 billion (~EUR 264 bn) while its assets under
management totalled SEK 1,317 billion (~EUR 149 bn). The Group has about
17,000 employees. Read more about SEB at www.sebgroup.com.
SEB Asset Management Germany
SEB Asset Management (SEB AM), Frankfurt, is the SEB Group's specialist
investment house in Germany for actively managed securities and real estate
investment funds. As part of the Group's Wealth Management division, which
comprises over 1.000 employees and has SEK 1,226 billion (around EUR 139
bn) in assets under management, SEB AM offers global expertise in
traditional and innovative asset classes and various investment styles. Its
investment strategy features active management in small, specialist
investment teams. By combining global and local knowledge, SEB offers
institutional and retail clients investment solutions with a broad range of
risk/return profiles.
In Germany, the fund management company has a clearly structured offering
comprising mutual and special funds complemented by client-specific
investment solutions and asset management mandates. As part of SEB's
international network, SEB AM has positioned itself as a specialist for
global real estate management and risk-adjusted investment concepts for
European bonds, multi-assets strategies and European value shares. SEB AM
has been one of the leading real estate fund managers for many years. Since
2005, it has had an M2 Real Estate Manager rating from Fitch, the best
rating category awarded in Germany.
End of financial news
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172047 30.05.2012
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Datum: 30.05.2012 - 12:30 Uhr
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