Diversification with International REITs

W. Brent Lindquist, Svetlozar T. Rachev, Yuan Hu and Abootaleb Shirvani
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W. Brent Lindquist: Texas Tech University
Svetlozar T. Rachev: Texas Tech University
Yuan Hu: University of California San Diego
Abootaleb Shirvani: Kean University

Chapter Chapter 5 in Advanced REIT Portfolio Optimization, 2022, pp 73-86 from Springer

Abstract: Abstract The question of the diversification impact under the inclusion of international REITs into the prototype domestic REIT portfolios of Chap. 4 is addressed in this Chapter. Optimized portfolios consisting solely of the international REITs and of global (combined domestic and international) REITs are constructed and their performance compared with the domestic REIT portfolios of Chap. 4 . Overall, whether employing long-only or long–short strategies, there is little evidence that diversification via international REITs can improve performance.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:dymchp:978-3-031-15286-3_5

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DOI: 10.1007/978-3-031-15286-3_5

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