Luxembourg fund manager ICAMAP is launching a new open-ended fund ICAMAX, which is designed to benefit from the current attractive market conditions for listed real estate stocks in Europe.
ICAMAX is an opportunistic listed real estate fund that will include a limited number of holdings, carefully selected from the large under-researched universe of 500 property stocks.
“This is an unprecedented crisis and while there are indeed short-term headwinds from lockdowns and the ensuing economic impact of COVID-19, we have the conviction that we are in a phase of high disconnection in the listed real estate universe between intrinsic values and property stock prices, which is opening a window of opportunities for investors,” said Harm Meijer and Guillaume Poitrinal, managers of the fund, in a joint statement.
ICAMAP is an independent asset management firm founded and co-owned by Poitrinal, Meijer, and Alexandre Aquien with €1.6 billion ($1.9 billion) of equity un
