Swip underweights retail

property

group anticipates consumers spending more of their cash on mortgage repayments in future

Improving corporate returns are in turn improving prospects in the office and industrial sector as companies seek to expand, according to the latest research from Scottish Widows Investment Partnership. But although the anticipated slowdown in consumer spending has yet to materialise, the group is underweighting many retail areas on a five-year view. Swip head of property research Ian Hally said: "Global growth has been strong over the past year, corporate profits have been buoyant, core measures of inflation have remained subdued and interest rates have stayed low. "While the outlook fo...