Norwich Union Global Property Income
Also available as accumulation units
At a glance
| Initial charge | 5.00% |
|---|---|
| Initial saving | 5.00% |
| Annual charge | 1.50% |
| Annual saving | 0.000% ² |
| Total Expense Ratio | 1.65% |
| Launch date | 27-11-2006 |
| Launch price | £0.50 |
| Sector | Specialist |
| Fund size | £15 million |
| Number of holdings | 51 |
| Fund type | OEIC |
| Type of units | Income |
Ways to Invest
Find out how to invest in this fundHL Research - Our view on this Fund
Full research
About the Fund Manager
Paul Van de Vaart
Located in: London
Paul joined the firm ( as Morley Fund Management ) in October 2006. Paul previously worked as Senior Portfolio Manager (Real Estate Europe) at ABP Investments since 2002, after having joined in 1997. ABP is based in Amsterdam and is the pension fund for employers and employees within the Dutch government and the educational sector. He also worked for ABP in New York. Paul is an experienced fund manager with specialist knowledge of UK, European and US listed real estate securities. At ABP he was responsible for all the investment decisions into a €4.5 billion listed European real estate fund. He was also responsible for setting up the listed fund structure in Europe and for co-ordinating the global real estate allocation process. Paul holds a Masters in Economics from the University of Maastricht and a Masters in Real Estate from the Amsterdam School of Real Estate. He is a registered fund manager and analyst of the Dutch Securities Institute and a Member of the CFA Institute. He is a CFA charterholder.
Income details
| Historic yield | 3.24% |
|---|---|
| Income paid | Bi-annually |
| Type of payment | Dividend |
All yields are variable and not guaranteed. There is currently no yield information available for this fund.
Distribution dates
| Ex-dividend date | 15 April 2008 |
|---|---|
| Payment date ³ | 15 June 2008 |
1 of 2 
Top 10 holdings
| Mitsubishi Estate Co. | 7.43% |
|---|---|
| Unibail - Rodamco | 6.00% |
| Simon Property Group | 4.82% |
| Mitsui Fudosan Co. | 4.50% |
| Hang Lung Properties | 4.42% |
| Westfield Group | 4.27% |
| CapitaLand | 3.44% |
| China Resources Land | 3.39% |
| Vornado Realty Trust | 3.36% |
| Land Securities Group | 2.54% |
Top 10 sectors
| Direct Property | 60.57% |
|---|---|
| Real Estate Investment & Services | 30.76% |
| Non-Classified | 4.56% |
| Cash and Equiv. | 4.11% |
Top 10 countries
| United States | 35.20% |
|---|---|
| Japan | 14.75% |
| Hong Kong | 10.72% |
| Singapore | 7.40% |
| United Kingdom | 7.00% |
| France | 6.00% |
| Australia | 4.95% |
| Non-Classified | 4.56% |
| Cash and Equiv. | 4.11% |
| Canada | 1.95% |
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 28-11-2008. Data accurate as at 31/10/2008.
