I won’t bore you with politics this week. It looks clear what the result of the election will be and besides, Conservatives and Labour have similar short to medium-term economic policies so there isn’t much for me to consider.
Instead, I’ll revert to my search for areas of the investment company market that might be bottoming out from a two-year downturn. Having previously highlighted biotech and private equity and venture capital, let’s turn to commercial real estate and office-based funds in particular.
In truth, the broad real estate investment trust (Reit) sector is quite varied. The selloff in industrials-oriented funds or student housing, for example, was always quite brief and shallow, so bracketing all Reits, especially those in classic office developments, into the same outlook was always a bit of a fool’s errand.