annual report 31 Mar 2007 - SEB Asset Management
annual report 31 Mar 2007 - SEB Asset Management
annual report 31 Mar 2007 - SEB Asset Management
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Detailed Fund Results<br />
Structure of Fund assets<br />
In the period under review from 1 pril 2006 to <strong>31</strong> <strong>Mar</strong>ch<br />
<strong>2007</strong>, <strong>SEB</strong> ImmoInvest recorded a net inflow of funds in the<br />
amount of EUR 1,499.6 million. Fund assets increased by<br />
32.3% to EUR 6,359.7 million. The number of units in circu-<br />
lation increased by 26,544,689, from 84,367,300 to 110,911,989<br />
units. t the same time, directly held property assets decreased<br />
by 9.2% and property assets held via equity interests<br />
increased by 12.2% in the period under review, due to<br />
the sales made and the increase in the fund volume.<br />
Investor structure of <strong>SEB</strong> ImmoInvest<br />
The investment company <strong>SEB</strong> Immobilien-Investment<br />
GmbH has, in addition to other distribution channels, its<br />
own investment account management system designed to<br />
ideally meet the needs of its investors. On <strong>31</strong> <strong>Mar</strong>ch <strong>2007</strong>,<br />
33% of the fund assets were managed in this internal<br />
Development of the <strong>SEB</strong> ImmoInvest Fund<br />
10 <strong>SEB</strong> ImmoInvest<br />
<strong>31</strong> <strong>Mar</strong>ch 2004<br />
EUR million<br />
<strong>31</strong> <strong>Mar</strong>ch 2005<br />
EUR million<br />
<strong>31</strong> <strong>Mar</strong>ch 2006<br />
EUR million<br />
<strong>31</strong> <strong>Mar</strong>ch <strong>2007</strong><br />
EUR million<br />
Properties 3,133.5 3,523.6 4,069.9 3,696.0<br />
Equity interests in real estate companies 123.8 212.8 371.9 543.4<br />
Liquidity portfolio 1,852.9 1,845.3 1,062.5 2,696.9<br />
Other assets 320.6 533.0 373.1 414.2<br />
Less: Liabilities and provisions – 874.5 – 982.8 – 1,070.8 – 990.8<br />
Fund assets 4,556.3 5,1<strong>31</strong>.9 4,806.6 6,359.7<br />
Number of units in circulation (in millions) 80,153,305 90,189,205 84,367,300 110,911,989<br />
Unit value (EUR) 56.84 56.90 56.97 57.34<br />
Distribution per unit (EUR)*<br />
thereof special distribution due to disposal gains<br />
Date of distribution 18 June 2004 17 June 2005 3 July 2006 2 July <strong>2007</strong><br />
Coupon no. No. 15 / No. 23 No. 16 / No. 24 No. 17 / No. 25 No. 18 / No. 26<br />
* Payable after the end of the financial year<br />
Breakdown of investor structure<br />
65.8%<br />
Total investments<br />
< EUR 500,000<br />
2.30<br />
–<br />
2.30<br />
–<br />
2.30<br />
–<br />
34.2%<br />
Total investments<br />
> EUR 500,000<br />
investment account management system. 34.2% of this<br />
amount is attributable to investors with investments of<br />
greater than EUR 500,000 and 65.8% to investors with investments<br />
of less than EUR 500,000. The average assets<br />
per deposit account amounted to EUR 25,627.<br />
3.30<br />
1.00
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