RT Journal Article
SR Electronic
T1 Portfolio Strategy and Structure Take Center Stage:
“How, What, Where, and When?” Replace “Why?”
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 12
OP 20
DO 10.3905/jpm.2013.39.5.012
VO 39
IS 5
A1 Jim Clayton
A1 Frank J. Fabozzi
A1 S. Michael Giliberto
A1 Jacques N. Gordon
A1 Youguo Liang
A1 Greg MacKinnon
A1 Asieh Mansour
YR 2013
UL https://pm-research.com/content/39/5/12.abstract
AB Real estate has become more accepted as a basic building block of a well-diversified institutional portfolio over the past decade. The debate around the question “Why Real Estate?” has largely been put to rest. The most relevant research questions about the asset class now revolve around more detailed issues in optimal allocations under different situations and in light of new trends, and also around details of how implementation of a real estate allocation (i.e. the actual investments made) should be done and how it affects the risk/return characteristics of the final portfolio. The relevant new trends in the industry and the associated research questions are discussed.TOPICS: Real estate, portfolio construction, equity portfolio management