sector faces threat of being left behind should market rotate to favour growth over value
While property as an asset class continues to offer a low-risk income stream, property shares seem set for continued volatility. Perceived as a defensive investment, there is a significant threat property shares could be left behind if the equity market moves to favour growth plays, according to William Hemmings, manager of the Aberdeen Property Share fund. As a result, Aberdeen has a house view of neutral on the sector. Hemmings said: 'If the equity market should run ahead strongly, property shares are likely to be left behind. Nevertheless, in this kind of scenario, concerns over rent...
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