Don Jordison and Howard Meaney discuss the bounceback of property and the effect of QE
The past 12 months has seen a total reversal in fortunes for property funds. Ranked 28 out of 34 sectors in Jan 2009 for net retail sales, a late rally saw the property sector finish the year as the top-selling sector for three months running. Will this continue? Were you surprised about how quickly property returned to favour from mid of last year? Don Jordison (DJ): Yes, but I was also surprised at the policy response of the UK Government to the financial meltdown. It was absolutely titanic; we are all going to be paying for it for a very long time. But the policy response of the UK g...
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