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

Arvydas Jadevicius

Journal of Property Investment & Finance, 2019, vol. 38, issue 1, 82-86

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.

Keywords: Diversified; Funds; Global; Investments; Portfolio; Real estate (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpifpp:jpif-09-2019-0123

DOI: 10.1108/JPIF-09-2019-0123

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