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10 years of MEAG EuroInvest
The European-equities fund MEAG EuroInvest is celebrating its tenth birthday on 30 March 2008. The fund, which won the Feri Fund Award 2008, invests in equities with high dividend yields and generated an average annual return of 16.74% over the last five years up to 31.03.2008.
Fund manager Thilo Schmidt pursues a value oriented investment approach. "We developed the Dynamic Value concept for the MEAG EuroInvest", he says. This concept combines the advantages of a solid value-strategy with those of cyclical market trends, which reduces risk and stabilises the performance.
Consistency within the management is part of the recipe for success; Schmidt was among the initiators of the MEAG EuroInvest in 1998. By successfully avoiding risks, the fund received the distinction of the highest rating from independent fund rating agencies for the first time in 2002. And the fund's management has justified these top grades to this day. The MEAG EuroInvest also placed first in the European Equities category of the Feri Fund Awards 2008, beating no less than 222 other funds.
MEAG Managing Director Dieter Wolf says: "After the correction at the beginning of the year, the European equities market is now at a good entry level." Fund manager Thilo Schmidt adds: "We used the low price levels during the correction to buy insurers and energy stocks with good valuations."
On 31.03.2008, the fund assets of the MEAG EuroInvest A (ISIN: DE0009754333) amounted to Euro 442 million. The issue surcharge is 5.0 percent. The Total Expense Ratio for the 2006/2007 business year was 1.31 percent. The fund can be bought from all MEAG sales partners, such as Victoria, Hamburg-Mannheimer, DKV and D.A.S., as well as from banks, fund platforms and MEAG itself.
MEAG MUNICH ERGO AssetManagement GmbH in Munich is the asset manager for Munich Re and ERGO Insurance Group. With offices in New York and Hong Kong, MEAG has an international orientation and also manages the assets of clients outside the Munich Re Group. MEAG currently manages assets to the value of around € 181 billion, of which around € 12 billion are held in real estate.
Munich, 2 April 2008
Dr. Josef Wild
Telephone: 089 | 2489 - 2072
Fax: 089 | 2489 - 2075
Press Relations Officer
Dr. Josef Wild
Tel.: +49 89 | 2489 - 2072
Fax: +49 89 | 2489 - 2075Presse@meag.com