Operational, not financial, returns
Higher gearing can lead to higher share price volatility. This is the single biggest reason why investors view listed property as unsuitable, warns Hugo Machin
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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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