Exporting the US model
Real estate investment trusts were invented in the US in the 1960s. Some now have more global ambitions, but theirs is fundamentally a local business, writes Michael Lester
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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.
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