by Ben Edwards
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Having enjoyed double-digit returns for years, the gloss has swiftly come off US real estate investment trusts this year: at the end of July, the FTSE NAReit ALL Reit index was returning an anaemic -0.64%. That has prompted some Reit fund investors to start cashing out.
In the first half of the year, around $4 billion net had been returned to investors, according to data provider Morningstar, the first time investors have withdrawn more money than they’ve put into Reit funds since 2007.
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