CBRE makes bet on Asia while cutting U.S. exposure

06/25/2008 | Bloomberg

CBRE Global Real Estate Securities is betting on growth in Asia by adding REITs and shares of developers in the region. The move comes at the same time the firm scales back investments in the U.S. "Asia is where you get a good long-term growth and you can acquire the shares at a discount," said David Fan, managing director of CBRE Global Real Estate Securities Japan.

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