Real estate investment trusts, which pool resources to invest in rental-income properties, have led as the top-performing asset class and been the ideal response to low interest rates. Recently the GICS recognized this success by introducing a new equity market sector category for real estate companies, guaranteed to attract investors.
Earlier this year, the European Central Bank (ECB) decided to cut its deposit rate to -0.4 percent and its benchmark refinancing rate to zero.
Just a few years ago, the idea of negative interest rates was considered by many to be no more than an academic curiosity. After all, why would anyone pay for the privilege of lending money?