Canter sees Reits growth continuing

The growth in Real Estate Investment Trusts (Reits) is only the tip of the iceberg, according to Todd Canter, manager of the Skandia Global Properties Securities (Le Salle) fund. Canter, who is managing director, securities, at Le Salle, is particularly optimistic about the launch of Reits in Hong Kong last year. Hong Kong is now the second-largest overweight in the portfolio behind Canada. Canter expects the region's index weighting to double from 7% to 14% in the next three to five years, despite there only being three Reits so far. Canter says Europe, including the UK, is also likely t...