NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
Sep 13, 2021
Bloomberg News
,(Bloomberg) -- Investments in Japanese real estate investment trusts are now more attractive than traditional financial assets such as domestic stocks and bonds thanks to the Bank of Japan’s unprecedented monetary easing, according to a report by staff of the world’s largest pension fund.
Japan’s Government Pension Investment Fund employees concluded in the report released Sept. 10 that portfolio performance could be enhanced by managing J-REITs as a separate asset class. The GPIF, which has 192 trillion yen ($1.7 trillion) of assets under management, said the report is independent of its official position.
So far in 2021, the Tokyo Stock Exchange REIT Index has outperformed the benchmark Topix. Japan’s publicly traded REIT market marked its 20th anniversary last week.
Between 2003 and 2015, J-REITs were a “high-risk, high-return” investment, but since the expansion of BOJ’s stimulus in 2016, when negative interest rates were introduced, they became a “low risk, high return” investment that is “extremely attractive,” the report said.
The GPIF had 0.7% of its total portfolio in alternative investments such as real estate, infrastructure, and private equity as of March 31.
Source: Government Pension Investment Fund
Historical data showed that a portfolio including J-REITs had a higher return for the same amount of risk, compared to a portfolio that only included so-called traditional assets such as stocks and bonds. The GPIF said the paper is the result of research by its staff, and does not represent its official position.
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