Nederland Aandelen Fonds
Achmea Indirect Vastgoed fonds 2nd Quarter 2017 Quarterly review
Q2 2017
Fund profile
The fund outperformed its benchmark during the second quarter. The portfolio consists of 55 shares and is overweight in the Residential Property and Logistics sectors, which are benefiting from the global economic growth, as this has created a strong demand for high-quality homes. The current economic growth also has a positive effect on logistics, due to the higher volumes of goods being transported. In addition, the industry is benefiting from growing online sales, resulting in a greater demand for parcel delivery services. The portfolio is underweight toward the Retail sector, which (in the US especially) has been hit by the emergence of online retail. This has forced several retail chains into bankruptcy and reduced demand for retail space. This is coupled with only a very minor increase in consumer spending. The current portfolio strategy is aimed at selecting high-quality property shares. The upshot is a portfolio in which the expected rental growth is higher than the benchmark average. The proportion of property companies in the portfolio is also higher on average than the benchmark. The fund posted gains of 3.50% during the fourth quarter, thereby outperforming its benchmark (2.06%).
This fund invests solely in the Robeco Capital Growth Funds - Robeco Property Equities IH EUR (‘Robeco Property Equities’), which invests globally in listed real estate equity. The fund applies an active investment policy. The fund’s objective is to outperform the benchmark using a welldiversified portfolio. Subscriptions into and redemptions from the fund may be made daily at the net asset value, in line with the terms and conditions laid down in the administration agreement/regulations. th
Key data as of June 30 2017 Type of fund
Real Estate
Date of inception
3 December 2012
Dividend
The fund pays no dividend. Income is reinvested. S&P Developed Property Net Return Index (100% hedged to euros)
Benchmark
Price
€ 34.87
Total assets
€ 168,474,189.97
No. of units
4,836,184
Price Development Responsible Investment Policy Our comprehensive Responsible Investment Policy has a focus on environmental, social and governance factors. Read more about our Responsible Investment Policy.
Koers Achmea Indirect Vastgoed fonds
38,0 36,0 34,0
Fee
32,0
TER (’lopende kosten’)
30,0
: 0.60%
28,0
Top 10 holdings
26,0 24,0 jan-13
jul-13
jan-14
jul-14
jan-15
jul-15
jan-16
jul-16
jan-17
jul-17
Performance Q2 2017
Year-to-date
12 months
36 months
60 months
Net fund performance
-
Benchmark
-
Gross fund performance
-
Sector distribution Real Estate Investment Trusts (REIT's) Real Estate management & development IT advice & services
Simon Property Group Sun Hung Kai Properties Mitsui Fudosan Avalonbay Communities Inc Prologis Inc Unibail-Rodamco Se Daiwa House Industry Co Ltd Extra Space Storage Inc Boston Properties Ventas Inc
4.9% 3.6% 3.4% 3.4% 3.1% 3.1% 2.6% 2.4% 2.3% 2.3%
Geographical distribution 75.7% 23.5% 0.8%
America Far East
51.6% 30.1%
Europe Middle East
18.3% 0.0%
The value of your investment may fluctuate. Past performance is no guarantee of future results. Investment involves financial risk. Investment in this fund also involves risk. Returns may be higher but also lower than expected; the riskier the type of investment the more they may fluctuate. The performances given in this factsheet are past performances and therefore provide no guarantee of future results. This document was compiled with the utmost care and is based on information available as of today which we believe to be reliable. No rights may be derived from this information. This document and the information it contains may not be construed as advice to buy or sell your investment(s). Basic and Additional Prospectuses containing relevant data are available for this fund from your insurer. Please read the Basic and Additional Prospectuses before you decide to invest in this fund.
Q2 2017
Fund profile
The fund outperformed its benchmark during the second quarter. The portfolio consists of 55 shares and is overweight in the Residential Property and Logistics sectors, which are benefiting from the global economic growth, as this has created a strong demand for high-quality homes. The current economic growth also has a positive effect on logistics, due to the higher volumes of goods being transported. In addition, the industry is benefiting from growing online sales, resulting in a greater demand for parcel delivery services. The portfolio is underweight toward the Retail sector, which (in the US especially) has been hit by the emergence of online retail. This has forced several retail chains into bankruptcy and reduced demand for retail space. This is coupled with only a very minor increase in consumer spending. The current portfolio strategy is aimed at selecting high-quality property shares. The upshot is a portfolio in which the expected rental growth is higher than the benchmark average. The proportion of property companies in the portfolio is also higher on average than the benchmark. The fund posted gains of 3.50% during the fourth quarter, thereby outperforming its benchmark (2.06%).
This fund invests solely in the Robeco Capital Growth Funds - Robeco Property Equities IH EUR (‘Robeco Property Equities’), which invests globally in listed real estate equity. The fund applies an active investment policy. The fund’s objective is to outperform the benchmark using a welldiversified portfolio. Subscriptions into and redemptions from the fund may be made daily at the net asset value, in line with the terms and conditions laid down in the administration agreement/regulations. th
Key data as of June 30 2017 Type of fund
Real Estate
Date of inception
3 December 2012
Dividend
The fund pays no dividend. Income is reinvested. S&P Developed Property Net Return Index (100% hedged to euros)
Benchmark
Price
€ 34.87
Total assets
€ 168,474,189.97
No. of units
4,836,184
Price Development Responsible Investment Policy Our comprehensive Responsible Investment Policy has a focus on environmental, social and governance factors. Read more about our Responsible Investment Policy.
Koers Achmea Indirect Vastgoed fonds
38,0 36,0 34,0
Fee
32,0
TER (’lopende kosten’)
30,0
: 0.60%
28,0
Top 10 holdings
26,0 24,0 jan-13
jul-13
jan-14
jul-14
jan-15
jul-15
jan-16
jul-16
jan-17
jul-17
Performance Q2 2017
Year-to-date
12 months
36 months
60 months
Net fund performance
-
Benchmark
-
Gross fund performance
-
Sector distribution Real Estate Investment Trusts (REIT's) Real Estate management & development IT advice & services
Simon Property Group Sun Hung Kai Properties Mitsui Fudosan Avalonbay Communities Inc Prologis Inc Unibail-Rodamco Se Daiwa House Industry Co Ltd Extra Space Storage Inc Boston Properties Ventas Inc
4.9% 3.6% 3.4% 3.4% 3.1% 3.1% 2.6% 2.4% 2.3% 2.3%
Geographical distribution 75.7% 23.5% 0.8%
America Far East
51.6% 30.1%
Europe Middle East
18.3% 0.0%
The value of your investment may fluctuate. Past performance is no guarantee of future results. Investment involves financial risk. Investment in this fund also involves risk. Returns may be higher but also lower than expected; the riskier the type of investment the more they may fluctuate. The performances given in this factsheet are past performances and therefore provide no guarantee of future results. This document was compiled with the utmost care and is based on information available as of today which we believe to be reliable. No rights may be derived from this information. This document and the information it contains may not be construed as advice to buy or sell your investment(s). Basic and Additional Prospectuses containing relevant data are available for this fund from your insurer. Please read the Basic and Additional Prospectuses before you decide to invest in this fund.
