International Real Estate Portfolio Construction: Conditional and Unconditional Methods

Randy Anderson, Glenn Mueller, Xuejing Xing and Mathew Hurst

Journal of Real Estate Portfolio Management, 2010, vol. 16, issue 1, 1-8

Abstract: Executive Summary. In recent years, investors have become increasingly interested in the potential benefits of international real estate investments. However, very little empirical evidence exists that quantifies these benefits. Perhaps more importantly, there are no studies that examine the numerous available techniques to construct international real estate portfolios. In this paper, we employ the traditional, unconditional portfolio construction methods and more sophisticated conditional methods to construct portfolios of international real estate securities. The results indicate that the new conditional portfolio construction methods produce stronger absolute and risk-adjusted returns. The results provide information for real estate portfolio managers and have implications for market efficiency.

Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2010.12089857 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:repmxx:v:16:y:2010:i:1:p:1-8

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/repm20

DOI: 10.1080/10835547.2010.12089857

Access Statistics for this article

Journal of Real Estate Portfolio Management is currently edited by Peng Liu and Vivek Sah

More articles in Journal of Real Estate Portfolio Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().