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Sovereign wealth could reach 20% in real estate - AXA's Vaquier

10 February 2013, 05:00 PM

Sovereign wealth funds see the risk-reward in European real estate as attractive, and could hit global property allocations as high as 20% of portfolios, says Pierre Vaquier, CEO of AXA Real Estate, the largest European property investment manager, which counts several such funds in its client list including the world's biggest, the Norwegian Pension Fund.