Belgian asset manager Degroof Petercam has announced it will allow new subscriptions to the DPAM Invest B Real Estate Europe Dividend fund which is a sub-fund of the firm’s Belgian Sicav DPAM Invest B as from 1 December 2016.
The fund mainly invests in real estate securities (broadly construed, such as real estate certificates and securities of closed-ended real estate investment companies (SICAFI), real estate debt investment funds (SIC) or real estate or property promotion and development companies) issued by companies which have their registered office and/or a significant part of their assets, activities, profit centres or decision-making centres in Europe.
The DPAM Invest B Real Estate Europe Dividend fund targets companies that generate a dividend yield or an expected dividend yield higher than the market average.
As of 31 October 2016, it had €215.85m of assets under management.
The fund is currently available in Germany, Austria, Belgium, Switzerland, Luxembourg, Italy, France, Spain and the Netherlands.