UK - Global real estate posted returns of 6.2% in January 2004, as demonstrated by the European Public Real Estate Association/National Association of Real Estate Investment Trusts (EPRA/ NAREIT) Global Real Estate Index.
This comfortably beat equivalent returns for global equity and global bonds, which managed just 3.2% and 63bp respectively.
Asia was the star performer adding returns of 10.8%, compared with 5.7% for North America and 2.4% for Europe (returns are expressed in euros).Asia’s strong performance was powered by Hong Kong, with a rise of 18% in January of the EPRA/NAREIT Hong Kong Index.
Taken over a five year period, global real estate returns look even more impressive: average returns were 15% a year, against a decline of 2.2% for equities and a rise of 5.5% for bonds.
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.