All Real Assets articles in October 2008 (Magazine)
View all stories from this issue.
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MagazineActive discrimination
The appeal of emerging markets is the opportunity to tap into stellar growth from a low base. There are numerous economies around the world with the necessary population size and GDP growth to offer such potential, but why are global investors dismissing some markets in favour of others?
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MagazineOpportunity and reality
Emerging markets play a key role in the global diversification of pension fund real estate portfolios. But investors must understand the risks. Richard Lowe reports
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MagazineTaking aim
With Russia and Latin America in the sights of German pension fund NAEV, Hermann Aukamp tells Richard Lowe about finding the right products once a market has been identified
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MagazineGoing global
Emerging markets are playing an increasingly important role for Austria’s APK Pensionskasse seeing a marked shift from eastern Europe to Asia in recent years. Richard Lowe reports
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MagazineBaby steps
The mature, transparent market of teh UK remains key for the Universities Superannuation Scheme. But the large British institution is making cautious steps into central and eastern Europe and Asia. Richard Lowe reports
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MagazineTurning the tables
You may have looked at Vietnam but what about Nigeria, Egypt, the Phillipines or Bangladesh? Their impressive statistics suggest that they will soon be forces to be reckoned with, as John Forbes and Yael Selfin explain
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MagazineBucking the trend
Emerging markets are forging ahead with significantly increased transaction activity, in stark contrast to the more established investment targets, as Bob White reports
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MagazineShining a light
It is well known that one of the key issues in investing in an emerging market is the relative lack of transparency. Those that attempt to generate more transparency – index providers for example – have their work cut out. Ali Zaidi and Fraser Hughes share their experiences.
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MagazineComing of age
Good news abounds in South America where widespread reform has borne results, with four of the continent’s major markets now investment grade. However, political and economic risks are significant, as Stephanie Schwartz-Driver reports
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MagazineAll eyes east
Some of Europe’s eastern markets are showing strong progress but investors must watch prices as risks increase in some areas. Mark Faithfull reports
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MagazineLure of the Orient
Developing Asia is complex, diverse and inefficient but it is likely to remain ahead of its rivals for a while. Kristen Paech reports
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Magazine
Getting focused
ING Real Estate’s fund of funds business goes global and Asia Pacific products continue to accumulate. In Europe, lower expected returns from core direct new fund launches towards distressed opportunities, alternatives assets and sector-focused strategies.
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Magazine...divided we fall
Progress in advancing sustainable real estate could be enhanced if the industry were to speak with one, clear, united voice, says Carl Bennett
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MagazineGrowing pains
Danish pension fund ATP signalled its international intent this year with its first real estate investments outside Europe. Michael Nielsen tells Richard Lowe about the challenges in managing a global indirect portfolio that is growing larger than its direct domestic counterpart
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MagazineStrong and weak
Economic uncertainty and shaky credit markets will remain key investor concerns for some time while demand for property in emerging markets will remain strong, as Fergus Hicks reports
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MagazineA vital interface
Is the property industry too wary of the EU? The Union has a central role in bringing the industry together. John Frederiksen reports
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Magazine
East or West?
Global diversification is the order of the day for many European pension funds. For some, Asia is the obvious destination to diversify away from European real estate. For others it’s the US.
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MagazineThe pension funds’ dilemma
Pension funds were recently accused of making such excessive demands on fund managers that they effectively talked themselves to the back of the queue. Should they be bargaining at all – and, if they should, is it every scheme for itself?
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MagazineHome or away?
Continental Europe is the obvious next step for UK pension funds keen to diversify their domestic-based portfolios. But, as Richard Lowe discovers, its deteriorating outlook has strengthened the case for ‘going global’ while many are seeking opportunities at home
