Property view: Targeting defensive investments for a stressed macro scenario

The property sector has experienced some tough times recently. Although redemptions in property funds started earlier in the year, with investors cashing in on strong returns, the Brexit vote magnified this trend, increasing outflows from the UK property sector. When sentiment about property funds soured following the vote for Brexit, having one of the largest multi-manager teams in the UK and direct access to fund managers helped us make the right choices. Of course we are not saying this is fool-proof, but it certainly helps.   Property funds were even reported on in the mainstream ...