Property funds have not participated in the rally of the past few weeks. Net asset values seem to b...
Property funds have not participated in the rally of the past few weeks. Net asset values seem to be on a downward trend and discounts have widened again. European property companies were holding up well relative to UK ones, but discounts are widening here now. It is too early to tell whether the share-price falls have been overdone but, barring the odd bid in the sector (precluded, in many cases, by large blocking stakes owned by parties related to the management companies), it is hard to see any quick fix. The most remarkable feature of the past six weeks has been the incredible surge ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
