Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is … priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross … pricing story: higher asset returns must be associated with lower prices and higher risk exposure. In particular, he …

. There is a rich body of literature on the effects of inflation hedging on the returns of stocks, bonds, and real estate. We … findings on inflation hedging. Since the relationship is generally positive and over proportional, we find that real estate is …With inflation rates remaining close to zero in all major developed economies for long periods of time, especially from …

This is the first study to investigate the profitability of Barroso and Santa-Clara's (2015) risk-managing approach for … George and Hwang's (2004) 52-week high momentum strategy in an industrial portfolio setting. The findings indicate that risk …-managing adds value as the Sharpe ratio increases, and the downside risk decreases notably. Even after controlling for the spread of …