PGIM Investments: REITs benefit from economy re-opening

The global REIT market benefitted from the re-opening and economic recovery theme of the first quarter. The quarter, however, was not without volatility as investor concerns around the run up in value stocks, combined with new lockdowns in Europe and the United States and new virus variants that may be more resistant to current vaccines, weighed on investor sentiment about the timing of the re-opening. 

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