{"id":1004311442,"date":"2019-03-26T07:21:25","date_gmt":"2019-03-26T15:21:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004311442"},"modified":"2019-04-12T05:25:55","modified_gmt":"2019-04-12T13:25:55","slug":"u-k-crises-created-opportunities-in-non-gbp-denominated-currencies","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/u-k-crises-created-opportunities-in-non-gbp-denominated-currencies\/","title":{"rendered":"UK Crises Created Opportunities in Non-GBP-Denominated Currencies"},"content":{"rendered":"<h2>comparison of total returns before and after the Brexit referendum and Black Wednesday<\/h2>\n<div id=\"attachment_1004311382\" style=\"width: 610px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004311382\" data-attachment-id=\"1004311382\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/u-k-crises-created-opportunities-in-non-gbp-denominated-currencies\/419_global\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"419_global\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Source: MSCI U.K. Monthly Property Index&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png?w=800\" class=\"wp-image-1004311382\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png\" alt=\"\" width=\"600\" height=\"450\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png?resize=768,576 768w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><p id=\"caption-attachment-1004311382\" class=\"wp-caption-text\">Source: MSCI U.K. Monthly Property Index<\/p><\/div>\n<p>International investors who use a foreign currency to buy real estate or property index funds might unwittingly take on foreign-exchange exposure. To demonstrate the currency risk faced by cross-border property investors, we examine the total returns of the MSCI UK Monthly Property Index in the periods before and after both the Brexit referendum and Black Wednesday\u2014in local and foreign currency denominated terms.<\/p>\n<p>After both major market-moving events, the MSCI UK Monthly Property Index\u2019s total returns recovered quickly following the initial shock\u2014but only for holders of the GBP-denominated index investment. For cross border investors, the two events\u2019 impacts were significantly more negative.<\/p>\n<p>Of course, currency exposure cuts both ways for cross-border real estate investors with the volatility opening up potential buying opportunities. Foreign currency denominated returns in the MSCI UK Monthly Property Index made during the post-event troughs significantly outperformed a GBP-denominated investment over similar periods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreign currency denominated returns in the MSCI UK Monthly Property Index made during the post-event troughs significantly outperformed a GBP-denominated investment over similar periods.<\/p>\n","protected":false},"author":1312,"featured_media":1004311382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37754],"tags":[],"class_list":["post-1004311442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-global"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Crises Created Opportunities in Non-GBP-Denominated Currencies - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/u-k-crises-created-opportunities-in-non-gbp-denominated-currencies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Crises Created Opportunities in Non-GBP-Denominated Currencies\" \/>\n<meta property=\"og:description\" content=\"Foreign currency denominated returns in the MSCI UK Monthly Property Index made during the post-event troughs significantly outperformed a GBP-denominated investment over similar periods.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/u-k-crises-created-opportunities-in-non-gbp-denominated-currencies\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-26T15:21:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-12T13:25:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/03\/419_global.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"the Editorial Staff of CPE\/MHN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/u-k-crises-created-opportunities-in-non-gbp-denominated-currencies\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/u-k-crises-created-opportunities-in-non-gbp-denominated-currencies\/\",\"name\":\"UK Crises Created Opportunities in Non-GBP-Denominated Currencies - 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