Our Investment Strategy team upgraded US equities to overweight on 11 Jan. Our more positive stance on US equities is premised on i) stronger-than-expected recovery in economic growth in 2021, ii) earnings rebound this year, iii) rising inflation from low levels and iv) negative real yields. We believe all these tailwinds would benefit the US real estate sector, which had underperformed in 2020. Historically, the earnings of cyclical sectors such as real estate have been more sensitive economic growth, and thus we expect the sector to be a beneficiary of the reflation theme ahead. Real estate has also historically been seen as a good hedge against inflation. However, we are cognisant that the road to recovery is expected to remain bumpy. Key downside risks include further lockdowns to control the pandemic, slower-than-expected administration of Covid-19 vaccines and sharper-than-expected spike in US 10-year Treasury yields and borrowing costs.

CHAPTER 1: INTRODUCTION 

CHAPTER 2: EXECUTIVE SUMMARY 

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: RADAR MARKET, BY OFFERING

CHAPTER 5: RADAR MARKET, BY PRODUCT TYPE

CHAPTER 6: RADAR MARKET, BY PLATFORM

CHAPTER 7: RADAR MARKET, BY APPLICATION

CHAPTER 8: SMARTWATCH MARKET, BY END USER

CHAPTER 9: RADAR MARKET, BY REGION 

CHAPTER 10: COMPETITIVE LANDSCAPE 

CHAPTER 11: COMPANY PROFILES