In each You Asked For It, we ask the public research houses to respond to topical portfolio construction questions of the day. This time it’s strategic asset allocations to property. Have they reviewed their allocations now advisers have access to global property investments? What are those allocations? Only two research houses picked up this particular guantlet: IWL and Lonsec.

Investment research houses have traditionally recommended an allocation of around 8-10% (despite advisers calling for models with more allocation to property!), and that to Australian listed property. ...