With a Federal Reserve interest rate rise looming large and the Bank of England believed to be not a long way behind, there is an obvious case to be made that UK commercial property has had its time in the sun for now.
Worries that a hike in interest rate will impact real estate are based on nothing more than myth, according to Fidelity’s Dirk Philippa.
Asian equity funds suffered unprecedented outflows as net retail sales across the board hit their lowest ebb since January, according to the Investment Association’s August statistics.
Alex Ross, manager of Premier Pan European Property Share Fund, discusses the recent trends in the UK property investment market, and compares the Eurozone real estate cycle with that in the UK.
Impending interest rate hikes could see REITs experience a short-term wobble, says Neuberger Berman’s Gillian Tiltman, but will underpin global property’s upward trajectory.
BMO Global Asset Management has converted the £260m F&C UK Property Fund to a Property Authorised Investment Fund (PAIF).
Legal & General Investment Management’s Solutions capability drove the firm’s assets under management up 12% year-on-year, according to the group’s interim results.
The UK mid cap space is no longer a valuation haven say industry experts, but there is still potential for earnings growth.
Investor sentiment continues to lean towards defensive assets as UK Equity Income and Property remain the best-selling sectors, as shown in FundsNetwork study of June sales data.
Brooks Macdonald’s discretionary funds under management edged closer towards the £7.5bn mark with a 13.1% increase in the year ending 30 June.
UK commercial property is the ideal haven if there is a wobble in bond and equity markets, say Standard Life’s Bambos Hambi and LGIM’s Justin Onuekwusi.
Coutts has given a vote of confidence to UK property despite the continued squeeze on yields.
