Investors urged to snag UK, Asian property funds

HONG KONG - Investors should buy real-estate assets and funds that invest in property in the United Kingdom and Asia because a potential rebound in prices and economic growth will counter inflation risks, Aberdeen Asset Management Plc said.

While UK properties offer "attractive" yield, real estate in Asia is supported by the strength of the region's economic growth, Michael Turner, head of global strategy and asset allocation at Aberdeen, said in an interview in Hong Kong. He recommended buying into real-estate investment trusts and funds that hold property, without giving specific names.

"People should allocate more money than they do now in real estate as a hedge against inflation," Turner said. "Real estate, whether or not there's inflation as a result of macro policy, is attractive in its own way."