Pension Fund Allocation to Real Estate

As pension funds look to further manage capital volatility through a reduced exposure to global equities aligned with the need for increased income to match liabilities, the search for an alternative proxy for indexed-linked gilts has become more focused.

With indexed-linked real estate assets trading at a healthy arbitrage over the redemption yield on gilts, Cluttons Investment Management has made the case, in the downloadable research paper, for a strategic long-term increase to pension fund real estate allocation to both manage risk and reward.


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