European Real Estate

For over 25 years NN Investment Partners has recognised the subtle strength that real estate equities bring to a diversified investment portfolio. Since the initial launch, NN IP’s real estate funds have compiled a proven track record that has run over several full economic cycles, one of the longest in the industry. Meanwhile they have gained the recognition of prominent fund rating companies and received numerous awards.

The dedicated real estate investment team has remained unchanged since 2004. Supported by global equity research analysts, trading specialists and a dedicated client portfolio manager, the team translates investment ideas into a portfolio of high conviction stock picks using an investment process based on a unique, self-developed, cluster approach.

Strategy description

The European Real Estate equities strategy invests in stocks of European real estate companies. The strategy consists of a focused but diversified portfolio that holds 20 – 40 stocks.

Objective

The strategy aims to outperform the 10/40 GPR 250 Europe 20% UK (Net) Index by 1.5% to 3% gross on a 3 year annualised basis.

Key information

Investment objective Benchmark +150 – 300 bps gross on a 3 year annualised basis
Benchmark 10/40 GPR 250 Europe 20% UK, net
Investment universe European Real Estate equities
Tracking Error range 3% - 6%
Investment style No pre-determined growth or value bias
Number of stocks Typically between 20 - 40
Maximum cash exposure 10%
Maximum stock exposure 10% (10/40 UCITS regulation)
Maximum currency exposure +/- 20% versus benchmark


NN Investment Partners

+44 (0) 207 382 1332

Key elements

  • Clear diversification and liquidity benefits
  • Attractive cash generation investment
  • Stable and experienced investment team with long track record
  • Proprietary cluster approach

Documents

Latest insights

An important aspect of the process is our proprietary cluster approach. Within countries, we segment real estate equities into clusters of companies that share similar characteristics and value drivers. Within each cluster, we select the most attractive stocks for inclusion in the portfolio. In this way, we are able to capture mid and long term trends in a focused way.

NN Investment Partners

+44 (0) 207 382 1332

Key elements

  • Clear diversification and liquidity benefits
  • Attractive cash generation investment
  • Stable and experienced investment team with long track record
  • Proprietary cluster approach

Documents

Latest insights

NN Investment Partners

+44 (0) 207 382 1332

Key elements

  • Clear diversification and liquidity benefits
  • Attractive cash generation investment
  • Stable and experienced investment team with long track record
  • Proprietary cluster approach

Documents

Latest insights