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ČS nemovitostní fond Receives the 2011 Investment of the Year Award

• ČS nemovitostní fond received the Investment of the Year award in the Mixed Fund category, according to the prestigious analysis of the Czech investment market performed by Fincentrum
• the appreciation of the ČS nemovitostní fond in 2011 amounted to 3.6%

ČS nemovitostní fond, administered by the investment company REICO České spořitelny, won the Investment of the Year award in the Mixed Fund category in a prestigious analysis of the Czech investment market. This category includes, based on the Fincentrum methodology, not only mixed funds, but also real estate funds, funds of funds (which do not fall into the category of equity funds), and other funds (e.g., commodity funds). The analysis, announced annually by Fincentrum in cooperation with the web portal Investujeme.cz and PwC Česká republika, rates funds for retail investors, comparing them on basis of the ratio of the net yield and the risk of investing into the fund.

“We value the award very greatly and firmly trust that it will help increase Czech investors’ interest in the real estate class of assets, as is the case in developed investment markets in Western Europe and North America. We believe that ČS nemovitostní fond will continue to provide an above-average yield as compared to the risk of investment in the upcoming years, and that particularly in the long run, it will be one of the most attractive assets in investor portfolios,” said Martin Skalický, Investment Director of REICO České spořitelny.

In 2011, ČS nemovitostní fond achieved appreciation of 3.6%. The main source of its income is obtained from the rental of buildings, which amounted to CZK 180 mil. last year. At present, ČS nemovitostní fond has several very high-quality commercial properties in the Czech Republic and Slovakia in its portfolio, and it is the largest and oldest open-end real estate fund in the country. The fund is administered by REICO České spořitelny, a member of Erste Group, a leading provider of financial services in Central and Eastern Europe.

For further information please contact the Press Centre of the Ceska Sporitelna Financial Group (CSFG):

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