IVG Funds consolidates market leadership in the institutional funds business

19.01.2009

• Market share of more than 31 percent
• 12 billion euros of assets under management
 
In the course of the past year, the IVG Funds Division of IVG Immobilien AG has significantly improved its position in the German market in its business with institutional customers (e.g. insurance companies, pension funds) and has thus consolidated its position as the market leader. One indicator of this development has been the increase in assets under management (AUM) to more than € 12 billion currently (beginning of 2008: € 10.3 billion) and the increase in the number of management mandates from 31 to 37. As a result, IVG Institutional Funds will probably increase its market share in the past year in terms of assets under management – from approx. 28 per cent in the previous year to more than 31 per cent.

The increase in assets under management is due – roughly in equal proportions – to the balance of purchases and sales made for the specialised funds under the management of IVG Institutional Funds (about 1bn €) and the new IVG Caverns Funds (about 850m €). Hence, the number of properties managed by the investment company has increased from less than 500 at the beginning of the year to 564 properties today. The increase in the number of mandates is due to three specialised fund mandates, two direct mandates and the management of a Luxembourg SICAV. Aside from the growth in the portfolio funds, the new mandates will also make a major contribution to the increases in assets under management in this year because the customers’ investment strategy will be implemented step by step.

In line with the larger business volume, the number of fund managers has also increased from four to ten today. This increase in fund managers is also designed to further improve the quality of the fund management.

In 2009, IVG Funds will once again launch new, innovative products in the market. To this end, the Division can also draw on the experience and resources of other IVG divisions – such as IVG Development and IVG Investment.
 
IVG Funds GmbH
The IVG Funds Division of IVG Immobilien AG designs, markets and manages high-quality fund products for institutional and private investors.

IVG Immobilien AG
IVG Immobilien AG is one of Europe’s major real estate investment companies and manages real estate assets worth more than € 20 billion in its four divisions IVG Investment, IVG Funds, IVG Development and IVG Caverns. The company’s investment focus is on office properties at selected top European locations. IVG successfully uses its network of local branches to seize local market opportunities and generate attractive returns for its investors.

Press contact

Dr. Knut Hansen
Phone: +49-228-844-193
Fax: +49-228-844-338
Email: knut.hansen@ivg.de