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How to invest in a toppy market
Like other bourses, the ASX is rallying on an optimistic growth story. The one potential hiccup, say fund managers, is inflation.
Scaling the dizzy heights of a market record also brings doubt about whether this is as good as it gets and if the only way forward is down.
Simon Letch
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This month’s bullish prediction by the International Monetary Fund of the highest growth on record for 2021 confirmed what sharemarkets are already banking on – the global economy is firing up.
Encouraging COVID-19 vaccine trials late last year opened the door to a supercharged recovery, as massive fiscal spending continues this year with America’s $US1.9 trillion ($2.4 trillion) aid package.
Proptech poised for post-pandemic boom
Institutional investors are pouring billions into exclusive real estate technology funds. These small cap stocks offer retail investors a taste.
Investor appetite for proptech has increased in Australia.
Nelson Alexander
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In its first year of doing business, the RealTech Ventures Fund achieved an internal rate of return of 72 per cent, well above the 25 per cent promised in its sales pitch to investors.
Backed by some of the world’s real estate investment titans – including CBRE, Dexus and PGIM – it has now opened to select wealthy individuals and family offices that are eager for exposure to emerging technology innovations linked to Asia-Pacific property markets, commonly colloquialised as “proptech” or “realtech”.