“Urbanisation in China continues at a rapid pace. As investors, an understanding of these trends is an essential part of our process. We believe certain factors lay the foundations for upcoming economic growth. “We produce the Schroders Global Cities 30 index each year to give us an edge in tracking the most successful cities of the future. Hugo Machin, Co-Head of Global Real Estate Securities, said: The Schroders Global Cities 30 index is compiled according to a range of factors, including the projected growth of the economy, disposable incomes over the next decade and the size of the population. The strength in US cities ranking was also underpinned by good employment data: the fall in jobless claims and move to virtual full employment in the US has had a positive impact on the rankings, despite negative headlines around US-China trade relations.Īustin, Texas joined Munich in entering the top 30 for the first time this year, reflecting both cities status as growing knowledge-based economies. Los Angeles remained in top spot with Boston and New York making the top five in the Index. The reason that London remains resilient is due to positive revisions to employment data which feeds into income growth, a key component of the index. In 2016, London was ranked eighth before improving to third place in 2017. London remains the highest-positioned European city in the top 30, followed by Paris in 17th place and new joiner Munich in 28th. The ranking reinforces London’s position as a significant contributor of the UK economy and highlights the UK capital’s attraction as a location for real asset investing. London has overtaken Hong Kong to be ranked second in the latest Schroders Global Cities 30 index, despite economic and political uncertainty in the UK.
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