Thomas Bohjalian, portfolio manager at REIT specialist Cohen & Steer, discusses how real estate being separated from financials and given its own Global Industry Classification Standard (GICS) could lead to huge inflows as benchmark aware fund managers rebalance allocations.
From the beginning of this month, real estate has been separated from financials and given its own Global Industry Classification Standard (GICS) sector category - significantly raising the profile of an often misunderstood and under-represented asset class. This change should have a far-reaching impact, as nearly everyone in the investment community uses GICS as a framework for portfolio planning and analysis. Schroders raises £107m for new European REIT We believe the decision to elevate real estate in equity indices is a testament to the increasing role of real estate in global ...
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