THE PERFORMANCE OF ITALIAN REAL ESTATE FUNDS
||Morri, Giacomo; Stephen Lee
||THE PERFORMANCE OF ITALIAN REAL ESTATE FUNDS
||Book of Abstracts: 15th Annual European Real Estate Society Conference in Kraków, Poland
||Italian real estate has become an increasingly popular investment class due to its relatively good returns and low risk compared to shares and bonds. In particular, real estate funds in Italy have shown enormous growth over the past few years, however, little is known about their performance. This paper corrects this oversight and considers the risk-adjusted performance of Italian real estate funds a number of risk metrics and monthly data over the period 2002 to 2008.
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