ReI

Repositorio Institucional del ITESO

Real estate and portfolio management: examining diversification properties

Manakin: DSpace XMLUI Project v2

Mostrar el registro sencillo del ítem

dc.contributor.author Malagueño, Ricardo
dc.contributor.author Albrecht, Chad
dc.contributor.author Samaniego-Alcántar, Ángel
dc.date.accessioned 2015-04-15T22:21:22Z
dc.date.available 2015-04-15T22:21:22Z
dc.date.issued 2007
dc.identifier.citation Malagueño, R.; Samaniego-Alcántar, A. & Albrecht, C. (2007). Real estate and portfolio management: examining diversification properties, REAd - Revista Eletrônica de Administração 13(3): 1-15. es
dc.identifier.isbn 1413-2311
dc.identifier.uri http://hdl.handle.net/11117/1617
dc.description This paper examines the risk-return and diversification properties of real estate investments. In the process, we perform a variance analyses over NPI, TBI and NAREIT United States real estate indexes as well as some of the most common international investment benchmarks. The study uses data from January 1990 to March 2006. We present an optimal portfolio that could be used by financial managers and ordinary investors. Results disclose U.S. real estate with greater return than other important investment benchmarks for the fifteen-year study period. Additionally, real estate diversification benefits as constitute of a mix-portfolio are confirmed for the three used indexes. Evidence shows that direct investment in real estate is less sensitive to business cycles than is indirect investment through NAREIT and other similar Indexes. Finally, an optimal allocation of 49.6% for real estate index investing in NAREIT is identified. es
dc.language.iso eng es
dc.publisher Universidade Federal do Rio Grande do Sul es
dc.relation.ispartofseries REAd - Revista Eletrônica de Administração;13(3)
dc.rights.uri http://quijote.biblio.iteso.mx/licencias/CC-BY-NC-2.5-MX.pdf es
dc.subject Portfolio Investment es
dc.subject Real Estate es
dc.subject Mean Variance Analyses es
dc.subject Real Estate Investment Trust (REIT) es
dc.title Real estate and portfolio management: examining diversification properties es
dc.type info:eu-repo/semantics/article es
rei.revisor REAd - Revista Eletrônica de Administração
rei.peerreviewed Yes es


Archivos en el ítem

Este ítem aparece en la(s) siguiente(s) colección(ones)

Mostrar el registro sencillo del ítem

Buscar en todo


Listar

Mi cuenta