- Advertisement -
- Advertisement -

Related

United Bankers ups weight in Swedish property

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – United Bankers, the Finnish asset manager  focusing on REITs funds, have through its UB Real REIT Fund increased  the weight to Swedish property shares. The Swedish market is now the  second biggest in the fund, according to the fund´s monthly commentary.

The UB Real REIT Fund, which invests in listed property shares and REIT’s, has built positions in Kungsleden and Diös in order to increase its Swedish exposure.

“We have built a position in the Swedish property company Kungsleden as their stock has been pressured by a large rights issue. We see room for significant mean reversion in the share price. In addition to Kungsleden we have also earlier increased our exposure to tier 2-3 cities in Sweden through the small but nimble Dios Fastigheter”, portfolio manager Aki Kostiander writes in a comment.

Throughout the month of April, the fund has remained bullish on listed European property, especially UK REITs, which was a good call as the European market was the best performer in April, the monthly comment states.
The fund added 1.58% during the month, outperforming global listed real estate. Year-to-date, the fund stands at 0.94% with top holdings being Citycon, Kungsleden and Simon Property Group.
Picture: (c) Bildagentur-Zoonar-GmbH—shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Jonathan Furelid
Jonathan Furelid
Jonathan Furelid is editor and hedge fund analyst at HedgeNordic. Having a background allocating institutional portfolios of systematic strategies at CTA-specialist RPM Risk & Portfolio Management, Mr. Furelid’s focus areas include sytematic macro and CTAs. Jonathan can be reached at: jonathan@hedgenordic.com

Latest Articles

Origo Fonder Lands Mandate from NBIM

Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund, has awarded a mandate to Swedish stock-picking boutique Origo Fonder through a separately...

Beyond the Benchmark: Aktia’s Active Approach to EM Local Currency Debt

Passive strategies have reached nearly every segment of financial markets, including the more remote corners of emerging market (EM) local currency debt. While passive...

Standout Month for Symmetry: A Sign of Things to Come?

February of this year marked one of the best months in the nearly 12-year history of stock-picking hedge fund Symmetry Invest with an advance...

CTAs Struggle Amid Reversals, Non-Trend Strategies Hold Up

In February 2025, the NHX CTA index was down due to losses in soft commodities, energies, and bonds as markets reversed forcefully on gloomy...

Tidan Capital Launches Portable Alpha Product

Late last year, Tidan Capital introduced Nova, a market-neutral options and volatility arbitrage strategy designed to exploit anomalies in equity options markets. These inefficiencies...

NBIM Signals Interest in Long/Short Equity

Investor interest in long/short equity strategies appears to be making a comeback as market volatility and stock dispersion – driven in part by higher...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -