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Global Property: Sizzling Or Frazzled?


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HOLA441

Misleading Advertising from Banks Who Should Know Better

Global Property is a Sizzling Sector, according to HSBC:

Global Property performance

Year to date: +8%

Year on Year: +28.6%

(At 31 Aug 05)

These figures alone point to a dramatic slow-down, no? Not a sizzling sector at all, frazzled more like.

Quotes:

"Ageing populations in developed economies want investments that can offer income, capital stability, inflation hedging and diversification. These factors make higher allocations to property equities a natural choice for many pension funds and insurance companies" Patrick Henderson, Henderson Global Property Equities Fund

Patrick adds that "property companies will benefit if rising interest rates are a result of stronger economic growth".

That's a big IF, Patrick.

JY

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