Corum ensures profitability of its investment funds, despite Covid-19

Corum, a French company that manages more than 4 billion euros in savings solutions, announced that its funds, Corum Origin and Corum XL, sold in Portugal, have already ensured the profitability objectives foreseen for this year.

Reuters

Corum funds will meet the profitability targets set for this year, says the manager in a statement. Corum Origin funds yield 6% to shareholders and Corum XL at least 5%, the company said.

“The Corum Origin fund will close the year at a rate of 6% and Corum XL has already secured the target of 5%, although it can still reach 5,5%, according to the Corum team's estimates. ”, Says the management company in a statement.

Corum, a French company that manages more than 4 billion euros in savings solutions, announced that its funds, Corum Origin and Corum XL, sold in Portugal, have already ensured the profitability objectives foreseen for this year.

Corum funds invest exclusively in the business sector and, although both funds have registered requests for postponement or suspension of rents following the effects of the pandemic caused by Covid-19, these requests have had no significant impact on the performance of either Corum Origin or Corum XL

José Gavino, director of Corum in Portugal, points out that “it is with great satisfaction that we are able to announce, in September, to our shareholders, that we will achieve the profitability objectives of our funds defined for this year. We have met or exceeded our goals for nine years and this year, with so many uncertainties with the Covid-19 pandemic, we will once again fulfill what we set out to do. This performance is proof of the strength of the foundations of our real estate funds ”.

 

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