Archive 2009

Another Lipper Award for ING Global Real Estate Fund

Having already received the coveted Lipper Award for the performance of the ING Global Real Estate Fund last year, ING Investment Management’s Real Estate Equity Team has won the award again this year for the best performance over the past three years.
The responsible fund manager, Michael Lipsch, accepted the award on 12 February at a ceremony at the Okura Hotel in Amsterdam.

ING IM’s Real Estate Equity team, headed by Michael Lipsch and Andrej Antonijevic and strengthened by product specialist Rogier Westhuis, is very proud to receive this award.
Although the fund’s good results over the past years are well known internally, this recognition from the market is an important and welcome acknowledgement of their work.
The Lipper Awards, sponsored by Thomson Reuters, are an internationally known and respected platform for comparing the performances of mutual funds. The essence of the Lipper Award is to reward funds which achieve consistent outperformances. Hence the winning funds display a consistent risk-adjusted performance compared with their peers.
The fact that the Real Estate Equity Team was again able to secure the award underlines the good investment results, not only compared with the benchmark but also compared with its competitors.

Asked after the main reasons for this success, Lipsch indicated that the overriding aims last year were “to focus on defensive property companies and to avoid financially weaker companies”. The concentrated portfolio included only about 20 holdings, which meant that the fund managers could focus exclusively on the best-performing companies. In this way they were able to add another successful year to the series on which the Lipper was awarded. The fund was thus able to achieve good results in both falling and rising markets.