IT Property
“ The illiquidity in openended funds becomes a more important consideration than any inflation-hedging properties ”
Mayank Markanday Manager of the Liontrust MA Diversified Real Assets fund
from structural tailwinds and have reduced the historic sector concentration to more cyclical retail and office markets .”
On top of structural headwinds of online retail penetration and a post- Covid desire to work from home , Matthews adds that the current macroeconomic backdrop has increased recessionary concerns for these areas . However , he believes any comparisons to the performance of the sector in 2007 / 08 are misplaced .
“ While rental growth will undoubtedly slow as recessionary concerns increase , the sector does not appear to suffer from the toxic combination of overvalued properties and over-indebtedness that would put its attractive yields at risk ,” he argues .
Public or private ? In terms of valuations , Rick Romano , manager of the PGIM Global Select Real Estate Securities fund , says there is currently a
Issue 88 - October 2022 / 59 /