Datamonitor's European Alternative Investments Survey 2005 canvassed opinion
 
of 96 asset managers on the key issues facing the market

Customer segments covered include mass market, high net worth and institutional
 
clients; countries studied are France, UK, Germany, Italy and Spain

Issues discussed include distribution, future expectations, key success factors,
 
barriers to growth and attitudes towards new investment vehicles

Report Highlights

 
Of the countries studied, only France currently has a real estate investment
 
trust (REIT) market, yet one in two of European asset managers think REITs have
 
the potential to rival corporate bond funds. To this end, almost two thirds
 
of asset managers are unhappy with the efforts of their regulators to establish
 
a REIT market in their jurisdiction.

Across Europe, asset managers are agreed that demand for property investment
 
will increase for all customer groups. Strong expected demand from institutional
 
clients in Spain and UK contrasts markedly with distinctly less optimistic expectations
 
for mass market demand in Germany.

European asset managers consider having a strong history of past performance
 
as the most important element of their proposition. One quarter of responses
 
further pointed to the need for a strong brand. These two factors are deemed
 
significantly more important than a range of other attributes.

Reasons to Purchase

 
Gain a unique picture of the market for property investments in Europe based
 
on the views of Europe's premier asset managers

Understand the key success factors required to succeed in the market for property
 
investments