Asian institutions risk overpaying for real assets

Institutions in Asia ex-Japan are forecast to raise allocations to real assets globally, including property and infrastructure, although they should be more discerning as they are overpaying, a conference heard. Yet expectations that they would snap up distressed assets in Europe have failed to materialise, largely because governments there have been bailed out by central banks and saved from having to sell the “crown jewels”. Unlike equities and fixed income, which you can trad…