Hello
I invested approximately 20k in the standard life global REIT fund just over 2 years ago. This lost about 2/3ths of its value during the financial crisis, and is now back at 1/2 its original value. Basically it is a fund composed of shares in global property companies. It is not geared, but the companies themselves are about 30-40% geared. About 45% is in the USA, and the rest is spread globally.At the moment, it is now about 10% of my total investments.
I am well aware about the advice to talk to a financial advisor (bought it execution only) and investments are long term considerations etc.
I fully understand why it has lost its value
My query is whether anyone knows what the outlook going forward is for global REITs, and whether they are viewed (in terms of asset diversification) as shares or property. This is such as specialist fund that i'm not sure that an independent financial advisor is going to know much about this
Any REIT experts out there?
Thanks in advance
Taytoman
I invested approximately 20k in the standard life global REIT fund just over 2 years ago. This lost about 2/3ths of its value during the financial crisis, and is now back at 1/2 its original value. Basically it is a fund composed of shares in global property companies. It is not geared, but the companies themselves are about 30-40% geared. About 45% is in the USA, and the rest is spread globally.At the moment, it is now about 10% of my total investments.
I am well aware about the advice to talk to a financial advisor (bought it execution only) and investments are long term considerations etc.
I fully understand why it has lost its value
My query is whether anyone knows what the outlook going forward is for global REITs, and whether they are viewed (in terms of asset diversification) as shares or property. This is such as specialist fund that i'm not sure that an independent financial advisor is going to know much about this
Any REIT experts out there?
Thanks in advance
Taytoman