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Stock impact report

Big UK investors poised to buy the dip in US property [Yahoo! Finance Canada]

Donaldson Company, Inc. (DCI) 
Last donaldson company, inc. earnings: 3/5 07:02 am Check Earnings Report
US:NYSE Investor Relations: ir.donaldson.com
By Iain Withers and Sinead Cruise LONDON (Reuters) - British investment managers Legal & General and Schroders are to invest hundreds of millions of dollars in commercial property in the United States, but are largely steering clear of the hard-hit office sector, the companies told Reuters. The fund managers, which oversee more than 1.9 trillion pounds ($2.5 trillion) of assets between them, said they had separately been building up their U.S. real estate teams to make the push, anticipating that property prices will recover, aided by falling interest rates. Legal & General CEO António Simões told Reuters that U.S. real estate was a key expansion market for the company, adding that the market's fundamentals remained strong. Higher borrowing costs and widespread adoption of home working post-pandemic have hit property prices globally, with the U.S. office market hit particularly hard and investors still nervous about oversupply. But expectations of more interest rate cuts af Show less Read more
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