The SEB ImmoPortfolio Target Return Fund was named the winner in the "Balanced Funds (Germany)" category at this year's IPD European Property Investment Awards. The Fund had already been honoured for its excellent performance by IPD in 2008, 2009 and 2010.

The IPD rankings, which were introduced in 2006, focus on performance over the past three calendar years. SEB ImmoPortfolio Target Return Fund came out on top of 19 German competitors in its category, recording an increase of 18.86 percent in the three years to the end of 2010.

Real estate portfolios that invest in Europe and have a performance history of at least three years are eligible for the award. IPD then divides these funds into two groups: balanced funds include portfolios that are less than 70 percent invested in a particular market segment (type of use), specialist funds have allocated at least 70 percent to a specific sector.

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