In November 2006, LB-P Asset Management launched the Euro Immo-Scope fund to enable investors to benefit from the advantages of an original investment universe that sets it apart from other listed real estate funds.
The fund's management goal is to achieve optimal performance with lower volatility than European equity markets over a suggested investment horizon of 5 years. In order to achieve this goal, Euro Immo-Scope invests in the shares of listed companies that belong to the entire value chain of real estate industries (construction, building materials, property companies...) of the European Economic Area. The Management Company believes that there is no benchmark that is relevant and representative enough of the fund's investment goal and investment funds universe. However, as a posteriori assessment, the performance of Euro Immo-Scope may be compared to that of the FTSE EPRA / NAREIT Developed Europe TR benchmark, which shall be representative of the European listed real estate. As a result, the fund's performance may be out of line with the benchmark in terms of economic cycles and stock market developments in the different segments of the investment universe.
Thanks to an exclusive and innovative approach, the management team, endowed with an extensive knowledge of the sector, selects values ​​in a much broader, deeper and more diversified universe than the traditional definition of real estate, which is limited to the holding of rented property.
The Euro Immo-Scope fund is managed in an active and discretionary way. It does not replicate its universe, but rather aims to benefit from the virtues of its sector, that is real estate, on the one hand, often decorrelated from general indicators’ trends. On the other hand, it benefits from the segments’ asynchrony that compose this universe. Those segments evolve according to their own economic and stock market cycles. This enables to provide a cushion against shocks during cycle reversals.
The management process is based on a dual approach:
The management style is primarily "Value", and seeks to identify companies with medium-term valuation potential. Euro Immo-scope focuses on quality companies, those having a good visibility in their industry segment, and offering a high and regular dividend profile.
| 2025 YTD | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Euro Immo-Scope P1 TR | 8.38% | 8.29% | 23.62% | -31.94% | 16.85% | -0.17% |
Performances depuis l'origine
Past performance is not a reliable indicator of future performance and is not consistent over time.
FR0010696468
1 877.61€ (+0.68%)
FR0010696526
1 291.46€ (+0.68%)
You can subscribe to the Euro Immo-Scope UCITS Fund by contacting your usual financial intermediary (bank, asset management company, online broker, etc.) and indicating the name and ISIN code of the selected unit. Before any investment decision, we invite you to read the prospectus and the KIID of the UCITS which contain all the legal information. For any question, do not hesitate to contact us.
| Code isin | |
|---|---|
| Part P1 | FR0010696468 |
| Part P2 | FR0010696492 |
| Part P3 | FR0010696526 |
| Part I1 | FR0010696500 |
| Part I2 | FR0010696518 |
Would you like to subscribe or obtain information on the Euro Immo-Scope fund, click here to contact us
The Euro Immo-Scope UCITS has CACEIS Investor Services as custodian bank. Subscription and redemption orders are centralized by their UCITS service, as detailed in the prospectus, which you can consult on our website.
All information and documents, including promotional, are purely indicative products and may be changed at any time without prior notice. They are provided for information purposes and in no way constitute a contractual element, a recommendation, a solicitation, an investment advice or an invitation to buy or sell the UCITS Fund, and must not be interpreted in any way as such. LB-P Asset Management can in no way be held responsible for any decision made on the basis of their website presentation.
Prior to any investment, it is recommended that you read carefully the prospectus and the UCITS Fund Key Investor Information Document (KIID). The prospectus and the KIID are available at LB-P Asset Management and at www.lb-pam.com
Prior to any investment decision, it is recommended to the client, to become aware of the operating conditions and mechanisms governing the financial markets, to evaluate the associated risks and to use all necessary means to good understanding of these mechanisms.
Past performances are not a reliable indicator of future performance and is not consistent over time. They do not constitute in any case a future guarantee of performance or capital, which may not be returned in full.