Investor News in Brief 30.11.1999 / Business FT.com - Last year was the worst on record for the FTSE property sector, according to JP Morgan. But so far this year, it has been the top performer, recording a 4.9 per cent rise in January. Investors have snapped up shares in real estate investment trusts (Reits), attracted by discounts to net asset value of around 30 per cent. Activist funds are also moving in, with Laxey Partners about to float its £500m Terra Catalyst Fund, which will build stakes in underperforming property companies and funds. Lehman Brothers (NYSE:LEH) is now predicting favourable dividend yields for Reits in 2008. ...
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