Aberdeen sees value in property

Aberdeen is confident that discounts to net asset value of up to 40% in the property shares sector give investors significant downside protection. Alex Ross, co-manager of the Aberdeen Property Share Unit Trust, believes the sector continues to offer good opportunities. The fund invests in property company shares. Ross is avoiding those with exposure to the City office sector. 'Property has had a good run. We have had a big correction from the high of May 2002,' said Ross. 'But from the quoted property plays, we are seeing some on a discount to net asset value of almost 40%, so you ...