Property fund manager HDG Mansur expects the high levels of growth in Sharia-compliant funds to continue in the coming years, CEO Harold Garrison told PropertyEU TV in an interview at MIPIM. 'We've seen growth in excess of 200% to 300% and we think it's likely this will continue in the next few years, certainly given the oil price developments,' he said.
Property fund manager HDG Mansur expects the high levels of growth in Sharia-compliant funds to continue in the coming years, CEO Harold Garrison told PropertyEU TV in an interview at MIPIM. 'We've seen growth in excess of 200% to 300% and we think it's likely this will continue in the next few years, certainly given the oil price developments,' he said.
Garrison also believes the often maligned sovereign wealth funds play a useful role in today’s investment markets. 'Sovereign funds provide the capital that allows businesses to grow. So we don’t want to shut off that source of capital, but we do have to understand what is a fairly new phenomenon in the US, the UK and Europe,' he said.
