Schindler, Felix; Kröncke, Tim-Alexander - Verein für Socialpolitik - VfS - 2011
This paper analyzes diversification benefits from international securitized real estate in a mixed-asset context. We … diversification is superior to a US mixed-asset portfolio, second, adding international real estate to an already internationally …, considering unhedged international assets could lead to biased asset allocation decisions not realizing the true diversification …