Property securities market risk premia to persist
Stephen Hayes | First Sentier Investors | 18 February 2020 | 0.50 CE
Low inflationary outcomes and very low interest rates are expected to remain in place for some time. This is despite the fact that global economic growth continues to trend upwards and private and government fundamentals remain intact. Depressed interest rates have driven strong returns from long duration assets with some investors questioning their market risk premium. In the face of current events creating some economic uncertainty, REITs have resisted the attraction of cheap credit and will continue to provide a safe haven that seeks to provide ballast to por...