Real-estate funds welcome

The firming up of guidelines for real-estate mutual funds, which had been in the works for long, is welcome. Not only will this enable small investors to devote a part of their resources to the real-estate asset class, it also has the potential to spur reform in the poorly regulated, investor- /property owner-unfriendly market. It will also have a beneficial impact on the property-financing market as these funds will be allowed to invest in mortgage-backed securities and shares as well as in instruments...

AD4