The Role Of International Property Investments In The Global Asset Allocation Process
- Topics:
- Foreign Direct Investment
- Tags:
- Asset,
- Asset Allocation,
- Asset Management,
- Business Operations,
- Diversification,
- Investment,
- Operational Planning,
- Real Estate,
- University Of South Australia
- Source:
- University of South Australia
FREE Registration is required
Overview: This paper examines the factors, which influence diversification into international property in a globalised asset allocation process. Before the special characteristics of real estate investments like risk considerations, forms of investment, performance measurement, diversification effects or inflation-hedge qualities are discussed, the asset allocation process is reviewed briefly and the consequences of globalisation are illustrated. The results of the discussion are compared critically with the outcome of portfolio performance measurement studies and the effects on modern portfolio theory are specified. The paper concludes that there are serious limitations when the results of diversification into international real estate are measured.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: PDF | Size: 233KB | Date: Jan 2004 | Pages: 21
