Retail Investors Pull $13 Billion From Property Funds in Europe
Retail investors are continuing to pull money from European real estate funds as rising levels of defaults and higher interest rates limit the attractiveness of the industry.
Mom and pop investors yanked €11.44 billion ($13 billion) in the year through March from products domiciled in the region, according to data compiled by Morningstar Inc., 20% more than in the previous 12 months. Monthly euro-denominated real estate fund flows have been negative since February 2023, said the data provider, which tracks open ended and exchange traded products.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
25 minutes ago
- Wall Street Journal
EU to Restrict China's Participation in Medical Devices Procurement
The European Union said it plans to exclude Chinese companies from the bloc's government purchases of medical devices after concluding that EU manufacturers don't have equal access in China, widening trade tensions between Brussels and Beijing. The European Commission, the EU's executive arm, said Friday that the measure will apply to purchases exceeding 5 million euros ($5.7 million). The decision follows the conclusions of the first investigation under the International Procurement Instrument, or IPI.
The Verge
25 minutes ago
- The Verge
ads will be globally introduced to WhatsApp's updates tab
Europeans can enjoy ad-free WhatsApp for a while. While Meta said 'slowly over the next several months,' the company has now clarified to Ireland's Data Protection Commission (DCP) that they won't arrive in the European Union market until 2026. That gives EU privacy regulators time to discuss data-sharing concerns about the ad model.
Yahoo
27 minutes ago
- Yahoo
FTSE 100 LIVE: Markets upbeat as UK and EU begin plan talks on Iran and Trump sets two week deadline
The FTSE 100 (^FTSE) and European indices were higher on Friday morning as Western powers moved to decide how they would involve themselves in the conflict between Iran and Israel. Tensions in the Middle East remain high, with markets in the US on edge over a potential decision by president Donald Trump. The White House press secretary relayed a message from the president that a decision would come within two weeks. Meanwhile, leaders from the UK and EU are set to meet with Iranian officials. UK foreign secretary David Lammy is travelling to Geneva for a meeting with his French and German counterparts, as well as Iranian foreign minister Abbas Araghchi. London's premier index rose 0.3% in early trade, despite concerning retail sales data. Top risers in the index were Melrose Industries (MRO.L) and Standard Chartered (STAN.L). The DAX (^GDAXI) in Germany gained 0.7%. In Paris the CAC 40 (^FCHI) tipped 0.7% higher The pan-European STOXX 600 (^STOXX) rose 0.5%. Oil prices have been volatile this week with worries about supply ramping up. On Friday, they were relatively calm, with brent crude (BZ=F) slightly above the flatline, at $76.74 a barrel. West Texas Intermediate (CL=F) was 0.2% lower, trading at the $75 per barrel mark. Stocks: Create your watchlist and portfolio Follow along for live updates throughout the day Why bitcoin and gold are rallying as bond yields hit 30-year highs Looming petrol price increase could hit fragile consumer confidence 8 homes with film and TV links US stock futures edged lower Friday as investors weighed the possibility of direct US military involvement in the Israel-Iran war. President Trump on Thursday introduced a self-imposed two week time limit on his decision to enter the conflict, adding another layer of uncertainty to an already cautious market. Dow Jones Industrial Average futures (YM=F) were down over 150 points, or 0.4%, while S&P 500 futures slid 0.2% (ES=F) and Nasdaq 100 (NQ=F) futures dipped 0.1%. Markets were closed Thursday in observance of Juneteenth, offering investors a brief pause as global headlines grew more volatile. Read more on Yahoo Finance Hello from London. Lucy Harley-McKeown here. Gearing up to bring you the latest business and markets news. This morning we've already had UK retail sales data. We're also keeping an eye on the UK consumer confidence barometer from GfK. Elsewhere, the Iran-Israel conflict bitcoin and gold are rallying as bond yields hit 30-year highs Looming petrol price increase could hit fragile consumer confidence 8 homes with film and TV links US stock futures edged lower Friday as investors weighed the possibility of direct US military involvement in the Israel-Iran war. President Trump on Thursday introduced a self-imposed two week time limit on his decision to enter the conflict, adding another layer of uncertainty to an already cautious market. Dow Jones Industrial Average futures (YM=F) were down over 150 points, or 0.4%, while S&P 500 futures slid 0.2% (ES=F) and Nasdaq 100 (NQ=F) futures dipped 0.1%. Markets were closed Thursday in observance of Juneteenth, offering investors a brief pause as global headlines grew more volatile. Read more on Yahoo Finance Hello from London. Lucy Harley-McKeown here. Gearing up to bring you the latest business and markets news. This morning we've already had UK retail sales data. We're also keeping an eye on the UK consumer confidence barometer from GfK. Elsewhere, the Iran-Israel conflict continues.
