For investors in Singapore

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


EUR 45.13
As of 2023/09/21

1-Day Change
EUR -0.44 (-0.97%)
As of 2023/09/21

Morningstar Rating

As of 2023/08/31



The investment objective of the Pan European Property Equities Fund is to seek long-term capital appreciation by investing at least 75% of its total assets in quoted equity securities of companies or Real Estate Investment Trusts (or their equivalents) having their registered offices in the EEA or United Kingdom if not part of the EEA and listed or traded on a regulated market, which derive the main part of their revenue from the ownership, management and/or development of real estate in Europe.

Note: You should not make investment decisions based solely on marketing materials. You should read the Prospectus and the Product Highlights Sheet of the Fund for more details of the investment risks and seek independent professional advice where appropriate.


  • 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


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.


Cumulative & Annualised Performance (%)
As of 2023/08/31
A2 EUR (Net) A2 EUR (With Sales Charge)* FTSE EPRA Nareit Developed Europe Capped NR
  Cumulative Annualised
1MO 3MO 6MO YTD 1YR 3YR 5YR 10YR Since Inception
A2 EUR (Net) -0.22 6.15 -5.69 1.23 -13.47 -4.23 -1.47 6.79 6.14
A2 EUR (With Sales Charge)* -5.21 0.84 -10.40 -3.84 -17.80 -5.85 -2.48 6.25 5.93
FTSE EPRA Nareit Developed Europe Capped NR -0.93 6.61 -7.77 -0.68 -13.40 -6.13 -5.38 3.06 5.79
Initial Charge 5.00%
Annual Charge 1.20%
Ongoing Charge
(As of 2022/06/30)
Performance Fee 10% of the 'Relevant Amount'
Hurdle Rate FTSE EPRA Nareit Developed Europe Capped Index


Top Holdings (As of 2023/08/31)
% of Fund
Vonovia 9.89
Segro 8.11
LEG Immobilien 5.44
PSP Swiss Property 5.26
Merlin Properties Socimi 4.59
UNITE Group 4.33
Aedifica 3.86
Castellum 3.79
Safestore 3.76
Gecina 3.73