Fact sheet: NN (L) Gbl Real Est

Fund information
Fund name
NN (L) Global Real Estate X Cap EUR
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund manager
  • Michael Lipschsince 31/03/2014
Fund objective
The fund invests in real estate companies established, listed or traded on exchanges across the world. This includes companies which main revenue or activity is linked to real estate property, management and/or development. The portfolio is diversified across countries. Measured over a period of several years, we aim to beat the performance of the benchmark 10/40 GPR 250 Global Net Index. We strive to add value to the fund by stock selection based on a thorough company analysis. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
Benchmark
  • 10/40 GPR 250 Global Net
Investment style
Active
Investment method
Shares
Quick stats
1 Year return
-3.4%
1 Year rank in sector
41/44
Sector
FO Property - International
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.34%
Fund size
£376m (£322m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
108
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Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.1%-7.9%-2.7%-3.4%31.9%59.5%
Sector0.7%-7.4%-1.6%1.8%23.3%50.1%
Rank within sector17 / 4423 / 4522 / 4541 / 4416 / 4215 / 34
Quartile2nd3rd2nd4th2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund-4.5%9.4%25.8%-2.3%21.4%
Sector1.1%4.3%16%0.9%21.8%
Rank within sector40 / 448 / 4312 / 4233 / 4027 / 34
Quartile4th1st2nd4th4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
2.49
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.08
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.44
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
13.95
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
8.39
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.31
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.63
Price movement
52 week high1508.03
52 week low1225.4
Current bid price-
Current offer price-
Current mid price1364.14
Region
1USA57.36%
2Japan13.64%
3Australia6.7%
4Hong Kong4.71%
5France3.17%
6Canada3.04%
7Others2.59%
8UK2.57%
9Germany2.54%
Industry sector
1Financials100%
Asset type
1Property100%
Individual holdings
1SIMON PROPERTY GROUP INC6.99%
2VENTAS INC5.21%
3DUKE REALTY CORP4.6%
4SCENTRE GROUP STAPLED (3UT 1ORD)4.53%
5EQUITY LIFESTYLE PROPERTIES INC4.14%
6HIGHWOODS PROPERTIES INC4.07%
7ORIX JREIT INC3.53%
8FIRST INDUSTRIAL REALTY TRUST USD0.013.52%
9REGENCY CENTERS CORP3.49%
Management
Fund manager group
ING
Fund manager company
NN Investment Partners (LUX)
Fund type
Offshore Fund
Fund objective
The fund invests in real estate companies established, listed or traded on exchanges across the world. This includes companies which main revenue or activity is linked to real estate property, management and/or development. The portfolio is diversified across countries. Measured over a period of several years, we aim to beat the performance of the benchmark 10/40 GPR 250 Global Net Index. We strive to add value to the fund by stock selection based on a thorough company analysis. You can sell your participation in this fund on each (working) day on which the value of the units is calculated, which for this fund occurs daily. The fund does not aim to provide you with a dividend. It will reinvest all earnings.
Benchmark
  • 10/40 GPR 250 Global Net
Investment style
Active
Investment method
Shares
Fund manager
NameSinceBiography
Michael Lipsch31/03/2014Michael joined ING Investment Management in 1997. He is currently a Senior Portfolio Manager Real Estate Equities. In this position he is responsible for portfolio management of ING IM's real estate equity portfolios and the analysis of real estate stocks. Before joining ING IM he worked for Shell Pension fund as a real estate Portfolio Manager. Prior to this he was employed by DSM pension fund as a real estate analyst. Michael earned a Master's degree in Economics of Real Estate from the University of Amsterdam in 1990 and a degree in Corporate law from the University of Leiden in 1995.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Transparent for German Tax, Reporting Fund Status, UCITS IV Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Chile, Czech Republic, Germany, Spain, Finland, France, United Kingdom, Greece, Hungary, Italy, Republic Of Korea, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Slovakia, Sweden
NN (L) Global Real Estate I Cap GBP
Initial charge2%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price151.08
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF3CL
NN (L) Global Real Estate I Cap GBP EUR
Initial charge2%
Annual charge0.6%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price176.96
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFCWH
NN (L) Global Real Estate I EUR
Initial charge2%
Annual charge0.6%
Min single investment£250,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.79%
Bid price-
Offer price-
Mid price7984.03
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeI096
NN (L) Global Real Estate I USD
Initial charge2%
Annual charge0.6%
Min single investment£250,000
Min regular saving£250,000
Available in ISANo
Ongoing charge (OCF)0.81%
Total expense ratio (TER)0.8%
Bid price-
Offer price-
Mid price5577.37
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeBSR0
NN (L) Global Real Estate P Cap EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price357.67
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI097
NN (L) Global Real Estate P Cap GBP
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price139.75
CurrencyGBP
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4VF
NN (L) Global Real Estate P Cap GBP EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.83%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price163.68
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF4VG
NN (L) Global Real Estate P Cap SGD
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price15.04
CurrencySGD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code0DRC
NN (L) Global Real Estate P Cap USD
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price387.62
CurrencyUSD
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeAWD6
NN (L) Global Real Estate P Dis EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price289.14
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI098
NN (L) Global Real Estate P Dis USD
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price255.52
CurrencyUSD
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DF
NN (L) Global Real Estate P Dis USD EUR
Initial charge3%
Annual charge1.5%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.84%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price237.35
CurrencyEUR
Price updated07/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeE7DG
NN (L) Global Real Estate S EUR
Initial charge2%
Annual charge0.6%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.85%
Total expense ratio (TER)0.82%
Bid price-
Offer price-
Mid price6545.48
CurrencyEUR
Price updated18/09/2014
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeV430
NN (L) Global Real Estate X Cap EUR
Initial charge5%
Annual charge2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.34%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1364.14
CurrencyEUR
Price updated07/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI099
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