Risk reduction and diversification in UK commercial property portfolios
Language: English Series: Journal of Property Research ; 24(4) 2008, 355-375(21)Publication details: 2008Subject(s): Summary: Reports results from tests of risk reduction and diversification in direct real estate investment portfolios using the records from over 10 000 companies. Provides estimates of the diversification gains possible to individual fund managers. Quantifies the number of assets and the amount of money needed to construct both balanced and specialist property portfolios by direct investment. Shows that a large measure of risk reduction can be achieved with portfolios of 30-50 properties, but full diversification of specific risk can only be achieved in very large portfolios.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L143054 (Browse shelf(Opens below)) | 1 | Available | 143054-1001 |
Reports results from tests of risk reduction and diversification in direct real estate investment portfolios using the records from over 10 000 companies. Provides estimates of the diversification gains possible to individual fund managers. Quantifies the number of assets and the amount of money needed to construct both balanced and specialist property portfolios by direct investment. Shows that a large measure of risk reduction can be achieved with portfolios of 30-50 properties, but full diversification of specific risk can only be achieved in very large portfolios.