Ken Rayner, investment director of Rayner Spencer Mills, discusses the outlook for the property sector and identifies six star performers.
There are different types of property fund, as shown by the IMA definitions below. The first definition describes a direct property fund (one that. invests into actual buildings, or ‘bricks and mortar’), the second is a property securities fund (buys shares in companies that invest into property) and the third is a hybrid fund (a combination of the two). The addition of property into a portfolio has traditionally been seen as a way to diversify real assets or invest in an asset that has a lower correlation to equities and bonds. Property also provides a good income yield whether capital ...
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