Property managers look to safeguard portfolios as inflows soar

Property fund managers are assessing ways to mitigate the potential impact of soaring inflows as the sector becomes increasingly popular with investors.

Property funds have swelled in size over the past year, with net retail sales for the IMA Property peer group hitting highs not seen since 2009. Now some groups are already considering options to guard against a potential overheating of the asset class. OakTree Wealth Management chief investment officer Ian Brady said: “At a recent conference, three different property fund managers said they were concerned by the amount of the inflows they were getting.” Those inflows, he suggested, have not only prompted the usual concern of how to invest new money at a time of rising prices: the ...