Európa Real Estate Fund

Up-to-date information

Invests in the following assets:	The management primarily invests in real estates situated in Budapest and its surroundings, secondly in larger country towns, and to a lesser extent in smaller towns: for logistics, office, residential and development purposes, etc..
Possible portfolio elements:	Real estates (offices, warehouses, commercial properties, land, etc.) Government securities (maximum 365-day maturity) Bank time deposit
Investment target:	To outperform goverment securities and inflation meanwhile taking moderate risk.
Reference index:	125% of the reference performance of the longest treasury bill on the first day of the year.
Risk level:	Moderate risk
Risk factors:	The main risk factor is the movements of the real estate market. Within that the changes of the rental prices and the sales prices in the different real estate segments, the relation between supply and demand in the market. To a lesser extent - due to the rental fees paid in EUR - the EUR/HUF cross rate also influences the unit price of the fund.
Recommended minimum investment horizon:	1 year
Inception:	03.12.2001.
Net asset value - 03-02-2012:	16 882 693 400 HUF
ISIN code:	HU0000701958
Custodian:	UniCredit Bank Hungary Zrt.
Auditor:	Deloitte Könyvvizsgáló és Tanácsadó Kft.

*Nominal returns