- Advertisement -
- Advertisement -

Related

United Bankers ups weight in Swedish property

Industry Report

- 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

Atlant Funds Hold Up in May Despite Mistimed Market Call

Macroeconomic and market forecasts are notoriously difficult, even for experienced hedge fund managers. What matters more than being right, however, is ensuring that incorrect...

Origo SELEQT Earns Top Morningstar Rating at Three-Year Mark

Origo Fonder launched its long-only fund, Origo SELEQT, in March 2022, exactly one month after Russia’s invasion of Ukraine. The launch coincided with the...

Split on Stops

Simply put (maybe), stop-orders are designed to exit a position when it moves against the trader beyond a predetermined threshold. Stop orders can be seen to be the...

Visio Allocator Deepens Tech Expertise

Visio Allocator Fund, a Finland-based multi-asset, multi-strategy fund, has strengthened its portfolio management team with the addition of technology specialist John-Axel Stråhlman, who joined...

Building for Agility: ICP and the Next Generation of Nordic Asset Management

By Stephen Roberts, CFA at Enfusion: When a team of seasoned investors from Norges Bank Investment Management (NBIM) set out to launch ICP Asset...

April Market Volatility Tests Nordic Hedge Funds

Markets were unsettled in early April by the surprise announcement of steep U.S. tariffs, triggering an equity sell-off, rising U.S. bond yields, and a...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.