Nagelmackers unveils listed real estate fund

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Belgian financial group Nagelmackers has added a listed real estate fund to its offering, the Nagelmackers Real Estate Fund on 16 June 2017, InvestmentEurope has learned.

The fund, co-managed by Rik Dhoest and Pascale Nachtergaele, invests primarily in securities of the European listed real estate sector (certificates, REITs, equities) and in funds invested in the asset class.

As of 30 June 2017, the top 5 positions of the fund were Vonoviase (4,20%), Cofinimmo Sa (4,13%), Aedifica (4,03%), Warehouses De Pauw (3,97%), TAG Immobilien AG (3,96%).

Some €10.4m of assets were managed in the fund as at end June 2017.

Nagelmackers’ fund range tallies 11 strategies, most of them being multi-strategy funds.