PrivilEdge
DPAM European Real Estate

PrivilEdge - DPAM European Real Estate is an actively managed, long-only European listed property strategy. It is managed by DPAM, the asset management arm of Bank Degroof Petercam SA, which was formed in 2015 by the merger of two Belgian financial institutions: Bank Degroof and Petercam. The fund seekt to beat a tailor-made index, GPR European Real Estate Balanced, over the long term and to provide a return stream close to European direct property markets through liquid instruments. It invests in listed equities and bonds issued by European real estate companies. The PMs add value through three performance engines: (1) deviations from the structural 40/60 asset allocation as well as (2) bond and (3) stock selection. Bottom-up and fundamental investment research is based on in-depth knowledge of firms and their underlying real estate assets, proprietary research, internal valuation models and systematic rankings. Top-down views and real estate cycles are fully integrated into company analysis. The fund tends to exhibit a smaller cap bias versus its benchmark and keeps duration close to the index.