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MEAG's new real-estate fund of funds MEAG GlobalReal Lux
MEAG is starting to sell units in the real-estate fund of funds MEAG GlobalReal Lux, which it launched on 31 January, 2008. The MEAG GlobalReal Lux is the first fund to make the global real-estate expertise that MEAG has acquired through years of investing the assets of the Munich Re Group available to private investors in a product tailored to their needs.
The MEAG GlobalReal Lux offers the investor a three-fold advantage: Firstly, the real estate asset class reduces the risk of securities investments and improves the possible returns. Secondly, an investment in real estate has a durable value that fluctuates much less than other asset types. Thirdly, the MEAG GlobalReal Lux is a conservative, inflation-protected investment in a tangible asset. Dr. Knut Riesmeier, Managing Director at MEAG for the Real Estate division, says: "The real-estate asset class offers investors a safe foundation for long-term asset plans, especially in turbulent times on the stock exchange.
The MEAG GlobalReal Lux finds a successful mix of profitability, liquidity and security. Its asset structure concentrates on open-ended real-estate funds with an investment focus on top-tier commercial properties in Europe. Because of the size of the individual investments, the fund-of-fund structure is of particular importance for the real-estate asset class, ensuring broad diversification for each investor. As a supplement to the real properties, the MEAG GlobalReal Lux also holds real estate securities, REITs and other securities that offer good profit opportunities and a global rounding-off of the portfolio in the investment regions America and Asia. Dieter Wolf, Managing Director in charge of securities portfolio management, says: "Thanks to its broad diversification and lack of dependence on stock exchange cycles, the MEAG GlobalReal Lux offers highly calculable returns."
And the MEAG GlobalReal Lux is also very tax efficient. Even after introduction of the new tax on investments (Abgeltungsteuer) in Germany on 1 January, 2009, investors can profit from the partially tax-free earnings attained by the open-ended real-estate funds. Earnings are even tax free on investments made before 31 December, 2008 and held for more than one year .
MEAG Managing Director Dieter Wolf summarises: "The real-estate fund of funds MEAG GlobalReal Lux combines the solidity of a real estate investment with the flexibility of a securities investment. The investor profits from the international diversification, the attractive possible returns and the high liquidity." The fund can be bought from all MEAG-sales partners, in particular the ERGO insurance companies Victoria, Hamburg-Mannheimer, DKV, D.A.S., KarstadtQuelle Versicherungen and MEAG itself (Tel. 089/ 2867-2867).
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, 28 February, 2008
Press Relations Officer
Dr. Josef Wild
Tel.: +49 89 | 2489 - 2072
Fax: +49 89 | 2489 - 2075Presse@meag.com
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