Derivatives prove a liquid asset for property markets
Language: English Series: EuroProperty ; December 2005-January 2006, Office Performance, 14-15(2)Publication details: 2005Subject(s): Summary: Analyses the burgeoning UK property derivatives market, set to hit £1bn of trades in 2005, largely using Property Index Certiiificates (PICs) The liquid market has recently attracted the attention of hedge funds. Developments in the second half of 2005 have spurred UK property players to use derivatives to aid their business strategies rather than simply as a way of buying or selling exposure to an all property index. Fund managers now increasingly sell market exposure and retain the upside or alpha they generate on a portfolio. A Swedish PIC is likely to emerge as the first continental instrument| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L131805 (Browse shelf(Opens below)) | 1 | Available | 131805-1001 |
Analyses the burgeoning UK property derivatives market, set to hit £1bn of trades in 2005, largely using Property Index Certiiificates (PICs) The liquid market has recently attracted the attention of hedge funds. Developments in the second half of 2005 have spurred UK property players to use derivatives to aid their business strategies rather than simply as a way of buying or selling exposure to an all property index. Fund managers now increasingly sell market exposure and retain the upside or alpha they generate on a portfolio. A Swedish PIC is likely to emerge as the first continental instrument