SWIP European Real Estate Accumulation
Also available as income units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.200% ² |
| Total Expense Ratio | 1.58% |
| Launch date | 20-09-2005 |
| Launch price | £1.00 |
| Sector | Specialist |
| Fund size | £77 million |
| Number of holdings | 38 |
| Fund type | OEIC |
| Type of units | Accumulation |
Ways to Invest
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About the Fund Manager
Steven Maxwell
Located in: Edinburgh
Steven is an investment director and Head of European equities and REITs at SWIP. He is responsible for the investment process and performance of all our European equity and REIT funds and for managing European equity portfolios for institutional clients. Before joining SWIP in 2004, Steven worked for Standard Life Investments for nine years as part of the European equity team. He managed the company's Irish equity funds, prior to concentrating on European portfolios. When sector analysis was introduced in 1998 he concentrated on the banking sector, together with ongoing portfolio management responsibilities. Prior to joining Standard Life, he worked for Dunedin Fund Managers as a fixed income manager between 1994 and 1995. Steven began his investment career with the Life Association of Scotland in 1987 with responsibility for sterling money market and foreign exchange analysis, before managing the company's Irish equity fund from 1989.
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Income details
| Running yield | 2.21% (net) |
|---|---|
| Gross running yield | 2.27% |
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. The information is correct as at 31-03-2007.
Distribution dates
| Ex-dividend date | 31 January 2008 |
|---|---|
| Payment date ³ | 31 March 2008 |
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Top 10 holdings
| Unibail - Rodamco | 10.21% |
|---|---|
| Land Securities Group | 9.12% |
| CORIO N.V. | 6.39% |
| Wereldhave N.V. | 5.06% |
| PSP Swiss Property AG | 5.03% |
| British Land Co. | 4.98% |
| Mercialys | 4.88% |
| Hammerson | 4.67% |
| Deutsche Euroshop AG | 3.81% |
| Castellum AB | 3.05% |
Top 10 sectors
| Direct Property | 73.63% |
|---|---|
| Real Estate Investment & Services | 18.89% |
| Cash and Equiv. | 7.47% |
| Non-Classified | 0.01% |
| Equity Investment Instruments | 0.00% |
Top 10 countries
| United Kingdom | 31.23% |
|---|---|
| France | 22.80% |
| Netherlands | 17.46% |
| Cash and Equiv. | 7.47% |
| Sweden | 6.29% |
| Switzerland | 5.03% |
| Germany | 3.81% |
| Greece | 2.36% |
| Belgium | 2.13% |
| Finland | 0.83% |
² Annual saving is not available in the SIPP.
³ If you elect to receive the income from a Vantage ISA, Fund or Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.
Last valuation as at 21-11-2008. Data accurate as at 31/10/2008.
