Property
Chinese lead in $27bn outbound property investment
In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.
Aviva says property trust will stay shut until 2017
Aviva Investors has advised that its property trust will stay closed to trading for another six to eight months.
Aberdeen raises £115m for residential property fund
Aberdeen Asset Management has raised £115m ($152.2m, €136m) of equity from UK pension funds to invest in the fast-growing UK private rented sector (PRS).
Aberdeen has deeper problems than property outflows
Aberdeen saw outflows of £1.5bn ($2bn, €1.8bn) from its property funds in the three months to June, but some analysts see this as merely a “sideshow” to deeper problems.
Suspended UK property funds show model portfolio limitations
The UK’s largest open-ended property funds gated flows or implemented exit charges to prevent a post-Brexit run on the asset class earlier this month, trapping £15bn ($19.8bn, €18bn) of investors’ cash and casting a cloud over the City. But many flexible investors were able to see the warning signs and evade the net, says David Coombs, Rathbones’ head of multi-asset investments.