Property Funds: “The standout countries in terms of demand are The Netherlands, Germany, Denmark, Finland, Spain and Belgium
In this issue we thought we would look at fund selectors’ attitudes towards property. It remains one of the biggest asset in the world and worthy of analysis.
– The overall average throughout Europe is positive. Almost half of those who have any exposure at all to property are looking to buy more.
– However, this hides a great deal of variability. The standout countries in terms of demand are The Netherlands, Germany, Denmark, Finland, Spain and Belgium. The countries with significantly low levels of demand are Luxembourg and Norway.
– The only countries with a significant number of people looking to reduce their property weighting are France and Finland, but both those countries also have a reasonable number of fund selectors looking to buy more.
– The fund flows graph shows the total assets going into European-domiciled
funds. The aggregate over the past year is positive. You can see there was a big sell-off in March 2016 but the flows back in both April and May more than made up for it.
– If you just took UK-domiciled funds, there were further strong outflows in June and July post-Brexit when investors panicked. But as these numbers show the aggregate of all European-domiciled funds, it is less extreme.
重要資訊
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