Publications

- July 1, 2014: Vol. 6, Number 7

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String of positive returns continues in May

by Chris Hartung

The Asia Pacific region kicked its performance into high gear during May, extending its streak to four consecutive months of positive returns, up 5.3 percent in the month. The string of returns has allowed the region to move decidedly into the black on a year-to-date basis, and as such, Asia Pacific real estate stocks are up 5.7 percent so far in 2014, according to SNL Financial (with regional returns denominated back to US dollars and country returns in local currency). As an asset class, both public and private real estate has been benefitting from a shift toward income alternatives and safe haven sectors due to continued geopolitical fears and uncertainty about global economic growth. The month’s 5.3 percent return also marks the third consecutive month that the Asia Pacific region outperformed global real estate stocks; however, on a year-to-date basis, global real estate is up 9.2 percent, which is approximatel

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