Performance of Asian REITs in a portfolio context
||Performance of Asian REITs in a portfolio context
||21st Annual European Real Estate Society Conference in Bucharest, Romania
||Due to their diversity and maturity, Asian Real Estate Trusts presents an interesting investment asset that has an increasing impact in a portfolio management. In this paper, we investigate the role of Asian REITs in a mixed asset portfolio. To the best of our knowledge, this is the first study that investigates the role of Asian REITs in a mixed portfolio taking into account the post 2008 crisis period. We look at the performance of Asian REITs using the market portfolio theory and different performance measures. In addition, we draw the main stylized investment characteristics of Asian REITs (focused versus diversified strategy) and their performance in a currency hedging strategy. Furthermore, we explore their performance in an international portfolio context.
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||P : Real Estate Portfolio Management
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