International real estate /
This study re-examines the potential role that direct real estate can play in institutional mixed-asset portfolios. The paper examines the statistical improvement in performance that can result from the inclusion of real estate in an international mixed asset portfolio, using both in-sample and out-...
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| Online Access: |
Full text (MCPHS users only) |
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| Other Authors: | , |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
[Bradford, England] :
Emerald Group Pub.,
2004
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| Series: | Journal of property investment & finance ;
v. 22, no. 1. |
| Subjects: | |
| Local Note: | ProQuest Ebook Central |
| Summary: | This study re-examines the potential role that direct real estate can play in institutional mixed-asset portfolios. The paper examines the statistical improvement in performance that can result from the inclusion of real estate in an international mixed asset portfolio, using both in-sample and out-of-sample data. Using US real estate data the results provide evidence that in most cases real estate does not lead to a significant improvement in portfolio performance in sample. However, out-of-sample tests indicate that the asset does provide a valuable diversification asset, with significant im. |
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| Physical Description: | 1 online resource (138 pages) : illustrations |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 1845443853 9781845443856 |
| Source of Description, Etc. Note: | Print version record. |
