Economy turnaround prompts positive REIT verdict

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By Robert Carry

Real estate investment trusts (REIT) represent good value and can once again provide investors with attractive returns, AMP Capital Brookfield's chief investment officer has said.

According to The Australian, Kim Redding said that the underperformance of the Australian economy over the past year has meant that REIT are now "cheap".

He continued, "There's a clamour for yield coming on. The yield in Australia is much better than elsewhere and this is the place to be - especially with the strong Australian dollar."

AMP Capital Brookfield manages about $6bn worth of assets mostly in global real estate and infrastructure securities.

 

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