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| Fund managers realize property
has been performing for
years |
PENSION FUNDS ARE showing renewed interest in
property as an asset class as the expectation of stunning
equity returns fades. In difficult times these funds have
been forced to refocus on asset liability management and have
learnt the hard way that a diversified portfolio is a
prerequisite of good performance.
Investors are therefore keen to consider alternative investments
and property is beginning to receive the attention that is its due.
Somewhat belatedly, fund managers have come to realize that
property has for years been outperforming other asset classes and
matches better with pension liabilities than equities do.
Property's outperformance of other asset classes on a global
basis has helped to draw the attention of institutional investors
worldwide. "One thing that has triggered renewed interest is that,
as of last December, property has been the best performer over 10
years," says Cliff Hawkins, head of UK...
