THE 2012 London Olympics and European development opportunities should ensure property fund investors are not short changed over the coming years, according to Ben Ritchie manager of the Aberdeen Property Share fund.
Ritchie said expectations on returns now had to be realistic but he suggested fears over inflation and rising interest which had precipitated the recent sell off, should not deter investors from property. “Clearly one challenge facing the UK market is inflation and interest rates. I can see interest rates rising a little but it will not prove a hammer blow for the sector.” Ritchie said that the fund, while predominantly UK centric, was making use of the freedom within its mandate to invest in Europe. “The yield spread in Europe is good though I wouldn’t say the opportunities the...
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