The allocation to property in the multi-asset portfolio: the evidence and theory reconsidered
MacGregor, B.D.
The allocation to property in the multi-asset portfolio: the evidence and theory reconsidered - 1992 - Journal of Property Research 9(1) Spring 1992, 5-32(15) .
Criticises modern portfolio theory which generally overrates the allocation to property in multi-asset portfolios, tending to a theoretical optimum. It goes on to furnish an alternative based on econometric techniques with a discounted cash flow valuation model.
ASSET ALLOCATION
HISTORICAL DATA
MULTI-ASSET PORTFOLIO
PORTFOLIO MANAGEMENT
PORTFOLIO THEORY
RISK
The allocation to property in the multi-asset portfolio: the evidence and theory reconsidered - 1992 - Journal of Property Research 9(1) Spring 1992, 5-32(15) .
Criticises modern portfolio theory which generally overrates the allocation to property in multi-asset portfolios, tending to a theoretical optimum. It goes on to furnish an alternative based on econometric techniques with a discounted cash flow valuation model.
ASSET ALLOCATION
HISTORICAL DATA
MULTI-ASSET PORTFOLIO
PORTFOLIO MANAGEMENT
PORTFOLIO THEORY
RISK