Cohen & Steers: A decade on from the financial crisis – what lessons have we learned?

Investors often have a tendency to forget, or perhaps hope things will be different next time. Joe Harvey, president & CIO at Cohen & Steers, tells Investment Europe that in 2016, less than a decade since the global financial crisis, the UK market again witnessed the mass freezing of property funds on the surprise UK referendum outcome. In the UK, it is time we recognise the inherent flaw of these vehicles and embrace the highly-liquid REIT market.