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A European multi-manager real estate fund

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.

Click for: Factsheet; source. Morningstar performance (ISIN: NL0000285591)

via IdB Real Estate Equity Fund – Insinger de Beaufort.

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