DJE Real Estate (P)Distribution Share ClassPer 28.12.2011 wurde die Auflösung des Fonds beschlossen
As at: 16/05/2013
| ISIN: | LU0188853955 |
| WKN: | A0B9GC |
| Bloomberg: | DJERESP LX |
| Reuters: | LU0188853955.LUF |
| Asset Class: | Funds of Funds - Global Real Estate Funds |
| Investment Company: | DJE Investment S.A. |
| Risk Category: | 2 |
| Type of Share: | Distribution |
| Financial Year: | 01/01 - 31/12 |
| Launch Date: | 05/07/2004 |
| Fund Size (30/04/2013): | 140.61m EUR |
| TER p.a. (31/12/2012): | 0.37% |
| Reference Index: | 100% Total Return Rendite dt. offene Immobilienfonds |
| Initial Charge: | keine Anteilsausgabe |
| Management Fee p.a.: | 0.15% |
| Custodian Fee p.a.: | 0.06% |
Investment Strategy
This real estate fund of funds takes a flexible approach to investing, in line with the market situation, in real estate funds and international real estate stocks/real estate equity funds worldwide. It combines the features of the various real estate investments that benefit in different ways from developments in the real estate markets. The fund places particular emphasis on a broad diversification of risk. It makes an average of 50 individual investments in more than 500 properties and 30 countries. The addition of fixed-income securities provide an interest-bearing cash management.
Monthly Fund Manager's Commentary
The indicative price of the DJE Real Estate was EUR 4.96 by month end (30 April), which is a decrease compared to the indicative pricing of last month from EUR 5.04 in height of 8 cent. Because several open real estate funds were particularly affected by the devaluation of selected real estates, there performance was negative. As the Warburg-Henderson Deutschland Fonds Nr. 1 was able to conclude some real estate sales, the DJE Real Estate registered an inflow of EUR 2.3 Mio as a result of these sales. In addition the fund received EUR 0.9 Mio due to the distribution of the Degi German Business fund and SEB Immoportfolio Target Return.
Legal Information / Disclaimer:
Figures subject to revision by the auditors on the reporting dates. The published information does not constitute investment advice or a recommendation, but only provides a brief summary of the key features of the fund. The current sales documents (Key Investor Information Document, prospectus, annual report and – if the annual report is older than eight months – the semi-annual report) for the respective investment funds form the sole basis for the purchase of securities. The sales documents are available at no charge at the respective fund company, the distribution company or at www.dje.de.
All data and estimates are indicative and may change at any time. This information is based on our assessment of current legal and tax regulations. The data were carefully compiled, but no guarantee can be given for the accuracy of such information. All data are subject to change.
The performance is calculated using the BVI (Bundesverband Investment und Asset Management e.V.) method, i.e. without taking into account the subscription fee. Individual expenses such as fees, commissions and other charges are not taken into account in the data and would have a detrimental effect on the performance if they were. The subscription fees payable reduce the invested capital as well as the performance depicted. Data on past performance are not a reliable indicator of future performance.
The tax treatment depends on the individual circumstances of the investor and may be subject to change. Please see the prospectus for more detailed tax information.
In connection with brokering fund units, the Dr. Jens Ehrhardt Group and its distribution partners may receive reimbursements from costs charged to the funds by the investment companies in accordance with the respective prospectuses.
The units of this fund that are issued may only be sold or offered for sale in jurisdictions in which such offer or sale is permitted. Therefore the units of this fund may not be offered for sale or sold in the USA, or offered for sale or sold to or for the account of US citizens or US persons resident in the USA.
This document and the information it contains may not be distributed in the USA. The distribution and publication of this document and the offer or sale of units may also be subject to restrictions in other jurisdictions.
*) © 2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.