Lockdown forced Nuveen's Nordic investors to rethink their real estate exposure

AM Series: US asset manager Nuveen saw some of its Nordic investors put real estate investments on hold when Covid-19 took its toll on parts of the asset class. Real estate, however, isn't the only industry that's got a post-corona "finance 101" lesson in store, as the firm's head of continental Europe expects to cut back on flights.
Per Frederiksen, head of continental Europe at US asset manager Nuveen | Photo: PR / Nuveen
Per Frederiksen, head of continental Europe at US asset manager Nuveen | Photo: PR / Nuveen

Nordic pension funds’ investments in unlisted asset classes will not slow down in the aftermath of Covid-19, according to Per Frederiksen, head of continental Europe at US asset manager Nuveen. On the contrary. He believes tangible asset classes without or with low correlation to listed stocks and bonds, such as farmland and forestry, will increase in demand among his client base.

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