RPT-Fitch publishes Petercam Securities Real Estate Europe 'strong' fund quality rating

Thu Nov 7, 2013 7:09am EST
 
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Nov 7 (Reuters) - (The following statement was released by the rating agency)

Fitch Ratings has published Petercam Securities Real Estate Europe's (REE), a fund managed by Petercam Institutional Asset Management (Petercam IAM), 'Strong' Fund Quality Rating.

The 'Strong' rating reflects the fund's disciplined investment approach against a customised benchmark. In Fitch's view, the fund's investment edge originates from its investments in under-researched, small to mid-cap holdings, and in markets geographically close to Belgium where Petercam's core expertise lies.

KEY RATING DRIVERS

Fund Presentation REE is a UCITS IV-compliant Belgium SICAV with EUR165m of assets as of end-September 2013, investing in European real estate equities. Its objective is to outperform the benchmark on a three-year rolling period, with a tracking error below 4%.

Investment Process   Continued...