Asset Allocation Strategy and Market Return for Real Estate Institutional Investors

Gianluca Mattarocci

Chapter 9 in European Real Estate, 2015, pp 183-196 from Palgrave Macmillan

Abstract: Abstract Portfolio investment choices can have a direct impact on the performance of any type of real estate investment vehicles (hereinafter REIV), and the effect could be even more important than other financial ratios of the instrument (like leverage, efficiency, etc.) (Redman and Manakyan, 1995). Literature focuses the attention on the role of different asset classes in REIV’s portfolio and provides evidence that portfolio construction choices and the role of different sectors can affect the market risk of the investment strategy (Newell and Peng, 2006). In the standard mean-variance scenario assumed in the Sharpe Ratio, the choice to focus prevalently on one sector with respect to another one can affect significantly the optimal portfolio choice (Newell and Fischer, 2009).

Keywords: Real Estate; Investment Strategy; Sharpe Ratio; Asset Allocation; Asset Class (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-137-43612-2_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137436122

DOI: 10.1057/9781137436122_10

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().