The document discusses the state of the real estate market post-Brexit, highlighting that UK real estate valuations might ease but most key markets remain favorable. It mentions that globally, real estate could deliver average to above-average returns in many markets, with the UK potentially slowing but markets like Australia, South Korea, Germany, Spain, and the US remaining favorable. The document also notes that the real estate sector may become the eleventh Standard & Poor's Global Industry Classification Standard sector in September 2016, which could lead to lower volatility and correlations over time. Generalist investors are estimated to be underweight in the REIT sector by approximately $95 billion, which could provide support.
doj/DataSet10/EFTA01377066.pdf
{"title":"CIO Insights — August 2016","document_date":"August 2016","document_type":"tabular","key_locations":["UK","Australia","South Korea","Germany","Spain","US","Singapore","Houston","London"],"document_subtype":"financial report","key_organizations":["Deutsche Asset Management","Standard & Poor's"],"reference_numbers":["DB-SDNY-0073607","SDNY_GM_00219791","EFTA01377066"]}