Real estate portfolios – the case for globally diversified core property funds-Reference-Cited by-同舟云学术

Real estate portfolios – the case for globally diversified core property funds

Published:2019-11-04 Issue:1 Volume:38 Page:82-86
ISSN:1463-578X
Container-title:Journal of Property Investment & Finance
language:en
Short-container-title:JPIF

Author:

Jadevicius Arvydas

Abstract

Purpose The purpose of this paper is to build a case for globally diversified core real estate funds portfolio. Design/methodology/approach It uses Monte Carlo simulation technique to construct synthetic real estate funds portfolios. Findings Benefit of maintaining globally diversified real estate funds portfolio merits admission. An optimal portfolio has an almost even split between Europe, USA and Asia Pacific, ceteris paribus. Likewise, currency effect for Europe domiciled investors is undeniable. Practical implications The overall estimates suggest that a blend of APAC, European and US allocations enhance portfolio risk return profile. Originality/value The study adds additional evidence on the contested issue of real estate diversification.

Publisher

Emerald

Subject

General Economics, Econometrics and Finance,Finance,General Business, Management and Accounting,General Economics, Econometrics and Finance,Finance,General Business, Management and Accounting

Reference8 articles.

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3. ANREV/INREV/PREA (n.d.), “Investment intentions survey series”, available at: www.inrev.org/research/investment-intentions-survey (accessed 15 July 2019).

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5. Benefits of global diversification on a real estate portfolio;The Journal of Portfolio Management,2007

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