Property funds typically have lower levels of volatility than equity-based funds, and this, combined with the fact that the asset class has performed so well in the last few years, has proven the value of property funds in a portfolio
Uncertainty has been one of the prevailing themes in investment during much of 2004. Equity markets became range-bound due to worries about booming oil prices, corporate health and economic growth in key regions such as Europe, Asia Pacific and the US. Bond markets have been subject to interest rate increases in key regions such as the UK, US and China, and in a recent sector report, Standard & Poor's fund analysts commented on a fall in global bond yields as economic data softened and oil prices rose. Within this environment, property has been a relatively successful investment - and t...
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