The Qatar fund purchased Asia Square Tower 1 in Singapore’s Marina Bay
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Sovereign wealth funds are piling into property at an unprecedented pace in a bid to improve performance as the world's largest investors grapple with low interest rates.State-backedSovereign funds including the Qatar Investment Authority, the ninth-largest sovereign fund in the world, have made a spate of high-profile investments over the past year.In its annual report released in March, it said it planned to increase the number of staff within its property division from 104 to 200 by 2017 .A person who works with sovereign funds on their investment plans, who declined to be named, said: "[State funds] are chasing returns, because traditional investments have disappointed.Sovereign wealth funds posted average returns of 4.1 per cent last year, despite having a combined target of 5.9 per cent, according to Invesco, the asset manager that carried out the research.
FOLLOW THIS ARTICLE