This research investigates the key drivers of European non-listed real estate funds performance. In particular, it seeks to understand the extent to which funds' underlying market and sector exposure, gearing, and fund size, contribute to a fund's total return. Using a proprietary database...

This research investigates the key drivers of European non-listed real estate funds performance. In particular, it seeks to understand the extent to which stock-selection, management skills, gearing, fund size, competing asset classes and macroeconomic performance contribute to a fund's total...