In an attempt to provide some guidance for ëoptimalí gearing levels, a stylized study was conducted to examine the trade-off between asset return, risk and gearing. The study made use of historical property returns sourced from the PCA/IPD investment index. The study highlights that risk rises...

The case for alternative unlisted investments is based on offering stable and high income yields, low market volatility and enhanced riskadjusted returns. Such investment attributes have enticed increased allocation of capital to property and infrastructure investments in Australia. In turn,...

Over the last few years the notion of sustainability has gained momentum within investment markets, particularly for property assets. A number of key drivers have been identified as affecting property investment decisions within the context of sustainability. This paper reports on the outcome of...

The global real estate sector has experienced exceptional growth over the last decade, reflected in rapid growth in cross-border real estate investment activity. A surrounding issue with the internationalisation of real estate investment is the identification of investment-grade real estate...

Over the last few years the notion of sustainability has gained momentum within investment markets, particularly for property assets. A number of key drivers have been identified as affecting property investment decisions within the context of sustainability. This paper reports on the outcome of...

Asset diversification has the potential to deliver enhanced risk-adjusted returns on investment portfolios. These gains are usually gauged by examining the contemporaneous correlation matrix. While this approach maybe appropriate when formulating tactical investment decisions, strategic asset...

Since 2000 there has been an increasing focuses by the global investment community towards alternative investment classes, in particular real estate and infrastructure investments. Most of this demand is coming from institutional investors who are attracted by the long-term nature of these...

The onset of the global financial crisis (GFC) has triggered a series of external shocks across global investment markets and the global macroeconomy. Importantly, the nature of these shocks has been different across global property markets in terms of magnitude and duration. This paper examines...

The paper addresses the existence of an equilibrium unemployment-vacancies (UV) relationship in Australia. Cointegration test results suggest that no bivariate long-run (UV) relationship exists. Moreover, this finding fails to support the basic model of labour job search. However, a modified...

Unlisted infrastructure funds have taken on increased importance in recent years with institutional investors, as well as unlisted infrastructure becoming a key asset class for pension funds and sovereign wealth funds. This paper assesses the significance and performance of unlisted...