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Aviva warns of Chinese residential property bubble

Aviva real estate product strategy director Chris Laxton has warned that the China residential property market is in a bubble which could last five years.

Speaking to Money Marketing at the Cofunds economic forum last week, Laxton said the £317.9m Asia Pacific property fund has no exposure to China. He adds he is only looking at commercial property exposure for bespoke portfolios for institutional clients.

He says: “The residential property market in China is in a bubble and will continue to be so. The residential market is very high risk. So much money is invested into it on speculation.”

He says the Asia Pacific property fund will not invest in Chinese property over the next five years. He says: “Before we invest in China, I would like to see political certainty, robust valuations and confidence in those valuations.”

Martin Currie’s investment director for China James Chong says the Chinese government is trying to control the property market by raising the deposit required when buying a second home from 50 to 60 per cent.


Late delivery for financial reform report

The Parliamentary committee scrutinising the draft Financial Services Bill could publish its final report more than a month later than originally intended, said an MP on the committee. The joint committee was originally due to deliver its report on December 1 but last month that was delayed until December 16. Speaking to Money Marketing at […]

Hall picked as head of multi-manager at Schroders

Schroders has appointed Rob Hall as its new head of multi-manager. Hall, who joined Schroders in March, will retain his position as head of manager selection while taking on new portfolio management and client service responsibilities. Hall will co-manage the £127.2m Schroders cautious managed, the £85.5m Schroders strategic balanced and the £28.5m Schroders high alpha […]

MMTV: Less than half of advisers ready for RDR

The Money Marketing and Cofunds round table on business transition looks at how advisers are working towards the new requirements and what the HMRC’s upcoming guidance on VAT and the FSA’s work on legacy commission and simplified advice will mean for advisers.

Openwork in progress – how technology can prepare firms for RDR

As technology is crucial in helping large numbers of advisers with the RDR, I make no apologies for the fact that the tools being delivered to assist advisers with these challenges are becoming a recurring theme in this column. Last week, Openwork walked me through the client segmentation and business cashflow tools it is now […]

State of the markets: UK equity income

Artemis Income Fund manager Nick Shenton discusses the state of the UK equity income market with journalist Alexis Xydias. With the first three months of 2015 showing strong returns for both the Artemis Income Fund and UK markets generally, Nick Shenton discusses the fund’s top contributors – including overseas holdings Novartis and Bayer – and […]


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