000			01427cam a2200205 4500
001			ABS63721
008			000000n2001 000 0 eng u
035			_a(Sirsi) u111533
100			_aPlender, J.
245			_aQuoted sector must look abroad
260			_c2001
490			_aEstates Gazette _v(0110) 10 March 2001, 56(1)
520			_aDiscusses the Paul Myners report on institutional investment, commissioned by the Treasury and published prior to the 2001 Budget. Suggests its findings will be welcomed by small-to-medium sized companies. For it recognises there are flaws in the investment decision-making process that need to be addressed. Myners is critical, for instance, of index-based benchmarks, suggesting these are imprecise and easily distorted. In addition the report suggests that the asset allocation process is frequently given too little weight in relation to stock selection. Contends that Myners' recommendations will actually do little to help the property industry. Suggests the industry is to blame for many of its problems. If investors are to be encouraged to put more money into the quoted property sector, the property industry must take a long hard look at itself. Recommends that the industry focus on attracting overseas investors.
590			_aABS
650			_aQUOTED SECTOR
650			_aMYNERS REPORT
650			_aPROPERTY INDUSTRY
690			_aINVESTMENT
942			_n0
999			_c66468 _d66468