Investors should diversify their investments as much as possible this year in a bid to reduce risk, despite the scent of economic recovery, SEB Asset Management's Chief Executive Barbara Knoflach warned during a conference at Mipim on Wednesday. 'For real estate an overall economic recovery is good but a couple of things should make all of us nervous,' Knoflach said during the conference on Prospects for European Recovery. 'Money flows are much more aligned with capital markets these days rather than with market fundamentals. London, for istance, has come back to price levels seen during the property peak in 2006, despite the fact that the economy is still weak,' she added.
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