Property News · September 13, 2016

Sell Hong Kong real estate stocks if Trump wins, fund manager advises


A win for the property mogul could hurt world trade
A Trump win could have wide-reaching implications. Joseph Sohm/Shutterstock
Investors should sell Hong Kong property stocks if Donald Trump is named the next US president, advises a Dutch pension fund manager who looks after nearly USD13.5 billion of real estate equities worldwide, reports South China Morning Post.
A Trump win could lead to greater protectionism and impact world trade, and be as significant as the UK Brexit vote which shook up Japanese real estate stocks, warns Hans Op ‘t Veld, head of listed real estate at PGGM.
More: Donald Trump behind two luxury residential towers in India
“The minute Trump gets elected I would worry about Hong Kong, not so much about the US,” he says, “China is the producer for the world, so you don’t want to be in China.”
Roughly 9 per cent of Op ’t Veld’s real estate holdings are Hong Kong based.
US and Canadian real estate stocks accounts for about 55 per cent of PGGM’s allocation. Op ‘t Veld predicts they will enter a more volatile period with the election less than two months away.
Most vulnerable to global trade and any sell-off following a Trump victory are publicly-traded US landlords including lodging and logistics.
Read next: What will become of Trump Tower Manila if Donald Trump is banned from the Philippines?

Source : property-report.com
Read more…Sell Hong Kong real estate stocks if Trump wins, fund manager advises

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