EFTA Document EFTA01377066

CIO Insights - August 2016 Alternatives 14 REITs $9bbn Investors estimated to be underweight in the REIT sector Real Estate 11th Global Industry Classification Standard sector from end August 2016 As regards real estate, this may perform best when gross-domestic- product (GDP) growth is positive and real interest rates are low. Our post-Brexit referendum GDP growth estimates are modestly lower for some markets, yet we do not expect real interest rates to rise. Globally, real es