Real Estate In A Mixed Asset Portfolio
DOWNLOAD
Download Real Estate In A Mixed Asset Portfolio PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Real Estate In A Mixed Asset Portfolio book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Real Estate In A Mixed Asset Portfolio
DOWNLOAD
Author : Maximilian Wegener
language : en
Publisher: GRIN Verlag
Release Date : 2013-05-29
Real Estate In A Mixed Asset Portfolio written by Maximilian Wegener and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-29 with Business & Economics categories.
Seminar paper from the year 2012 in the subject Business economics - Investment and Finance, grade: 8.0, Maastricht University (SBE), course: Investment analysis and portfolio management, language: English, abstract: Most of today’s portfolios include bonds and equities. This composition enables investors to reduce firm-specific risk and diversify among different asset classes. Important assets that could further enhance diversification are investments in real estate. The risk-reducing effect of real estate partly stems from its local nature. Furthermore, investors, both local and international, face differences concerning the information available with respect to the real estate market and the bond or stock market. The former offers less information to investors than the latter market. Real estate markets are less integrated, which means that there are not many investments made in this market. This can be a further explanation of the positive diversification effects of real estate. Therefore, one could ask whether direct- or indirect real estate investment enhances diversification. The purpose of this report is to investigate whether there is a positive diversification effect of real estate on the risk of a portfolio. The report takes a look at previous findings of researchers concerning the diversification effect of real estate and proceeds with the analysis of the descriptive statistics. Next, the correlation between indirect and direct real estate, bonds and equity is examined followed by.....
Real Estate Within The Asset Allocation Mix
DOWNLOAD
Author : Waldemar Maurer
language : en
Publisher: GRIN Verlag
Release Date : 2009-09
Real Estate Within The Asset Allocation Mix written by Waldemar Maurer and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09 with Business & Economics categories.
Seminar paper from the year 2007 in the subject Business economics - Miscellaneous, grade: 1,3, European Business School - International University Schlo Reichartshausen Oestrich-Winkel, language: English, abstract: Constructing smart portfolios is the key goal of every investor regardless of the risk aversion. Accessible investments for investors are for instance stocks, bonds, treasury bills, and real estate. According to Seiler, Webb, and Myer (1999, p. 163) "real estate asset management has been and will continue to be a topic of great interest". In the year 1971 U.S. public real estate had a total market capitalization of US$1.4bn, while in 2006 public real estate had a market capitalization of US$438bn (National Association of Real Estate Investment Trusts NAREIT], 2007, p. 1). The U.S. private real estate index has more than tripled from US$84bn in market value in the first quarter of 2001 to US$266m in the first quarter of 2007 (National Council of Real Estate Investment Fiduciaries NCREIF],2007, p. 1. It is obvious that the real estate market has been growing incredibly and real estate has became more and more important as an investment opportunity. However, all available data on ownership of real estate show that pension funds hold 3.5% to 4.0% of their total assets in real estate (Chiochetti, SA-AADU, & Shilling, 1999, p. 193). Optimal allocation seems to be a problem. Another point is that some degree of diversification can be achieved without real estate. So why should investors hold real estate in their portfolios? Does real estate outperform stock and bond returns? What risks are linked with real estate investments? The aim of this paper is to provide the reader with a deep insight into the real estate investment discussion and to present the advantages and disadvantages of real estate in a mixed-asset portfolio. In a nutshell, at the end of this paper the reader should be able to decide, whether real estate investment is justifiable or not.
Real Estate In The Mixed Asset Portfolio
DOWNLOAD
Author : Stephen J. Lee
language : en
Publisher:
Release Date : 2004
Real Estate In The Mixed Asset Portfolio written by Stephen J. Lee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Portfolio management categories.
Real Estate In A Mixed Asset Portfolio
DOWNLOAD
Author : Kim-hiang Liow
language : en
Publisher:
Release Date : 1996
Real Estate In A Mixed Asset Portfolio written by Kim-hiang Liow and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Construction industry categories.
Diversification Effects Of Indirect Real Estate In A Mixed Asset Portfolio
DOWNLOAD
Author : Asmah Mohd. Nasir
language : en
Publisher:
Release Date : 2009
Diversification Effects Of Indirect Real Estate In A Mixed Asset Portfolio written by Asmah Mohd. Nasir and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Securitised Real Estate In A Mixed Asset Portfolio
DOWNLOAD
Author : Lin Lee Chyi
language : en
Publisher:
Release Date : 2008
Securitised Real Estate In A Mixed Asset Portfolio written by Lin Lee Chyi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Real estate investment categories.
The Role Of Real Estate In The Mixed Asset Portfolio
DOWNLOAD
Author : Foort Hamelink
language : en
Publisher:
Release Date : 1995
The Role Of Real Estate In The Mixed Asset Portfolio written by Foort Hamelink and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with categories.
The Handbook Of Real Estate Portfolio Management
DOWNLOAD
Author : Joseph L. Pagliari
language : en
Publisher: McGraw-Hill
Release Date : 1995
The Handbook Of Real Estate Portfolio Management written by Joseph L. Pagliari and has been published by McGraw-Hill this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
Spurred by the passage of ERISA in 1974, the ownership and management of commercial real estate has shifted from deal-driven entrepreneurs to strategic institutional investors. This shift, which shows little sign of abatement, has revolutionized the real estate industry, as pension funds, insurance companies, and other institutional investors continue to dominate real estate investment activities - and realize the risk-return enhancing characteristics of mixed-asset portfolios.
Mixed Asset Portfolio Selection
DOWNLOAD
Author : Harris Charles Friedman
language : en
Publisher:
Release Date : 1970
Mixed Asset Portfolio Selection written by Harris Charles Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970 with Investments categories.
Real Estate Investments In Mixed Asset Portfolios As A Diversification Instrument A Portfolio Analysis Of Austrian Pension Funds
DOWNLOAD
Author : Moritz Günther Elser
language : en
Publisher:
Release Date : 2019
Real Estate Investments In Mixed Asset Portfolios As A Diversification Instrument A Portfolio Analysis Of Austrian Pension Funds written by Moritz Günther Elser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
In Zeiten sinkender Renditen ist die Portfoliodiversifikation ein wesentliches Element zur Erzielung hoher Renditen. Immobilieninvestments versprechen eine gute Alternative zur Erweiterung des Portfolios eines Investors. In dieser Arbeit wird der Diversifikationsvorteil, der durch die Einbeziehung von Direktimmobilien in ein gemischtes Anlageportfolio entsteht, am Beispiel österreichischer Pensionskassen untersucht. Der optimale Immobilienanteil wird getestet und ob Pensionsfonds ihre Sharpe-Ratio durch eine Erhöhung ihres Immobilienanteils verbessern können. Darüber hinaus werden Zinsen und Inflation im Hinblick auf ihre Funktion als Werttreiber von Immobilienrenditen untersucht. Die wichtigsten Resultate der Arbeit sind, dass ein gemischtes Anlageportfolio erheblich von der Einbeziehung von Immobilieninvestments profitiert und, dass Pensionsfonds ihre Portfolioperformance durch eine Erhöhung ihres Immobilienanteils steigern können. Zinssätze und Inflation weisen eine leichte Korrelation zu Immobilienrenditen auf, beeinflussen und treiben diese aber nicht wesentlich.*****In times of falling yields, portfolio diversification is a key element for achieving high returns. Real estate investments promise to be a good alternative to extend an investors portfolio. This paper examines the diversification benefit of including direct real estate in a mixed asset portfolio, using the example of Austrian pension funds. The optimal allocation towards real estate is tested and whether pension funds can improve their Sharpe ratio by increasing their real estate exposure. Furthermore, interest rates and inflation are investigated regarding their value driving power on real estate returns. The key findings include that a mixed asset portfolio does substantially benefit from containing real estate investments and that pension funds could increase their portfolio performance by increasing their real estate exposure. Interest rates and inflation are found to have a slight co-movement