|
| 29.01.2010 |
| 2009 mixed year for MPC Capital |
| Hamburg, January 29, 2010 2009 mixed year for MPC Capital
In 2009 MPC Capital AG raised equity capital in an amount of EUR 146.6 million for its closed-end and open-end funds, insurance solutions and investment concepts for institutional investors. In a difficult market environment and a shrinking market, the result was below expectations. The listed company expects the placement volume to pick up moderately in 2010. At the same time, the Hamburg-based wealth and asset manager distributed over EUR 170 million to investors in closed-end funds of MPC Capital. Following a comprehensive strategy programme at the beginning of the year, MPC Capital focused distribution on three asset classes, namely ship investments (EUR 9.6 million), real estate (EUR 48.5 million) as well as energy and commodity funds (EUR 48.5 million). Another EUR 40.0 million was placed through open-end funds, insurance solutions and investment concepts for institutional investors. Notwithstanding the difficult environment, the Hamburg-based wealth and asset manager paid out a total amount of EUR 170 million from current MPC Capital funds to investors. "The distributions made to our investors in the past 12 months reflect the solidity of closed-end funds that invest in tangible assets and do not lose their intrinsic value even in times of crisis," said Dr. Axel Schroeder, CEO of MPC Capital AG. Accordingly, traditional assets designed to high quality standards will remain an attractive investment opportunity for investors also in future. MPC Capital therefore expects the placement figures to improve in 2010. "Going forward, private investors will be attracted to transparent, simple and actively managed assets that generate stable cash flows. This bodes well for a turnaround in the placement volume of closed-end funds," said Ulrich Oldehaver, Board member in charge of Product Strategy of MPC Capital. The company will therefore focus on two trends in 2010. On the one hand, MPC Capital will develop much sought-after closed-end funds that have a simple fund structure while at the same time promising stable cash-flows. The closed-end real estate fund "MPC Deutschland 4", which is leased to a government institution, and the "MPC Holland 71", which is leased to a listed Dutch company, are already at the prospecting stage. At the same time, there is a growing expectation among private investors that the ideal investment should not only generate a return but should also be sustainable in several respects. More and more investors discover the good feeling which comes with making ethical investments, e.g. in environmentally sustainable technologies. MPC Capital offers this investor group the first investment product that invests in a biomass plant and offers three sources of income, namely the sale of electricity, carbon credits, and the sale of production residues. MPC Capital Since 1994 MPC Capital, the listed wealth and asset Manager, has developed, distributed and managed yield-oriented and tax optimised investments for high-net-worth individuals (HNWIs) and institutional investors. MPC Capital is among the market leaders for closed-end funds. The Hamburg based company offers a broad product portfolio with closed-end and open-end funds, structured products, insurance solutions and investment concepts for institutional investors. Since 1994 over 176,000 customers have invested approx. EUR 7.5bn in 312 funds with a total investment volume in excess of EUR 18.3bn. Inquiries: Till Gießmann Investor Relations Phone: +49 40/380 22-4347 Fax: +49 40/380 22-4878 E-mail: ir@mpc-capital.com |
 |
More news |