The Dutch real estate funds of ING Real Estate Investment Management ('ING REIM') continue to beat their benchmarks in 2010. The Dutch flagship funds ING Dutch Office Fund, ING Dutch Residential Fund and ING Dutch Retail Fund all performed better than the relevant ROZ/IPD benchmarks in the short, medium and long term.
The ING Dutch Residential Fund was the top performing fund in 2010 compared to its benchmark. The residential fund returned 4.6% for 2010, an outperformance of 1.7% on top of the 2.9% ROZ/IPD benchmark. For the retail market the ROZ/IPD benchmark is 7.8%. The ING Dutch Retail Fund Indirect had a return of 8.9%, topping the ROZ/IPD retail benchmark by 1.1%. The ING Dutch Office Fund outperformed the ROZ/IPD benchmark by 0.8%, generating returns of 4.3% in 2010 compared to 3.5% returns for the ROZ/IPD offices index.
All funds also have outperformed the ROZ/IPD indices on a five-year and 10-year basis.
Hans Copier, CEO of ING REIM Netherlands, comments: "With some of the most challenging years behind us, we have proved to our investors that we continue to deliver on our promise to outperform the markets. Not only did we beat the benchmarks in 2010, we also posted consistent outperformance over a five-year and 10-year period.
"I am proud to lead a team of passionate professionals who have delivered these results to our clients since inception of the funds in 1998. It is very clear that our strategies, active value-add management and teams are here to stay."
Source: ING REIM