SWIP European Real Estate Income

Sell : 59.18p | Buy : 59.18p | down 0.99p
Last valuation as at 21-11-2008

Also available as accumulation 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 Income

HL Research - Our view on this Fund

Hargreaves Lansdown research covers the funds we currently highlight and the most popular funds chosen by our clients over the years. This fund does not fall into either of these categories at present.

Full research

About the Fund Manager

Photo of Steven Maxwell

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.

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