For Approved Qualified Domestic Institutional Investors in China

Horizon Pan European Property Equities Fund

Actively managed fund focused on the managers’ best ideas in European listed property stocks and REITs to deliver long-term capital appreciation

ISIN
LU0088927925

NAV
EUR 70.13
As of 2021/11/30

1-Day Change
EUR -1.30 (-1.82%)
As of 2021/11/30

Morningstar Rating

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.

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The Fund invests at least 75% of its assets in a concentrated portfolio of shares (equities) and equity-related securities of real estate investment trusts (REITs) and companies, which have their registered offices in the EEA or the UK if not part of the EEA which will derive the main part of their revenue from owning, developing and managing real estate in Europe.

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ABOUT THIS FUND

  • A broad investable universe and selective approach enables the team to identify stocks with attractive dividend yield and growth characteristics
  • Managed by a specialist team based in the UK and supported by the wider global property equities teams in the US and Singapore
  • Offers a liquid means of diversifying into real estate and benefitting from powerful secular themes influencing the asset class

PORTFOLIO MANAGEMENT

Guy Barnard, CFA

Co-Head of Global Property Equities | Portfolio Manager

Industry since 2003. Joined Firm in 2006.

Nicolas Scherf

Portfolio Manager

Industry since 2007. Joined Firm in 2014.

Performance

Discrete Performance (%)
As of 2021/09/30
A2 EUR
 
Quarter End
As of 2021/09/30
Sep-2020 - Sep-2021 Sep-2019 - Sep-2020 Sep-2018 - Sep-2019 Sep-2017 - Sep-2018 Sep-2016 - Sep-2017
A2 EUR 30.65 -4.68 10.85 12.07 8.18
Cumulative Performance (%)
As of 2021/10/31
A2 EUR
 
  Cumulative
  1MO 3MO 6MO YTD 1YR 3YR 5YR Since Inception
1998/07/01
A2 EUR 5.04 0.99 16.19 23.79 42.34 52.21 89.29 587.08
CALENDAR YEAR RETURNS (%)
A2 EUR
2016 2017 2018 2019 2020
A2 EUR -7.86 19.77 -5.62 35.60 -3.93
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2021/06/30)
1.88%
Performance Fee 10% of the 'Relevant Amount'

Portfolio

Top Holdings (As of 2021/10/31)
% of Fund
Vonovia 9.02
Segro 7.81
LEG Immobilien 6.97
Fastighets AB Balder 5.13
Gecina 4.79
Castellum 3.88
VGP 3.67
Safestore 3.57
Wihlborgs Fastigheter 3.36
Land Securities Group 3.36

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