New research from the FMA has found most KiwiSaver providers are well placed to manage their exposure to the commercial real estate market but more work can be done to mitigate and communicate the risks.
Overall, based on our conversations with fund managers, we have not seen anything which makes us particularly concerned that Commercial Real Estate (CRE) markets are causing any major issues here.
Most funds appear to have good practices in place to identify and manage the risks associated with CRE. However, there are some areas where we think some firms can enhance their risk management practices.
Download the Commercial Real Estate and the Managed Funds Industry Research [PDF] 862KB
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