Value-weighting and the variability of real estate returns : implications for portfolio construction and performance evaluation
Morrell, G.D.
Value-weighting and the variability of real estate returns : implications for portfolio construction and performance evaluation - 1993 - Journal of Property Research 10(3) Winter 1993, 167-183(9) .
Investigates the impact of value-weighting on risk reduction. It shows that the perceived reduction in risk by having a large number of properties may be false if a portfolio has an uneven distribution of asset values.
INVESTMENT ANALYSIS
INVESTMENT MARKET
PORTFOLIO MANAGEMENT
PROPERTY PORTFOLIOS
RISK ASSESSMENT
VALUE DISTRIBUTION
Value-weighting and the variability of real estate returns : implications for portfolio construction and performance evaluation - 1993 - Journal of Property Research 10(3) Winter 1993, 167-183(9) .
Investigates the impact of value-weighting on risk reduction. It shows that the perceived reduction in risk by having a large number of properties may be false if a portfolio has an uneven distribution of asset values.
INVESTMENT ANALYSIS
INVESTMENT MARKET
PORTFOLIO MANAGEMENT
PROPERTY PORTFOLIOS
RISK ASSESSMENT
VALUE DISTRIBUTION