Oil is perceived as a good diversification tool for stock markets. To fully understand this potential, we propose a new … to competing models. Employing a recently proposed conditional diversification benefits measure that considers higher …-order moments and nonlinear dependence from tail events, we document decreasing benefits from diversification over the past ten …

. Previous studies have shown the diversification benefits of real estate investment for stock portfolio. This paper aims to … examine whether the real estate funds can provide diversification benefits for stock investors. The data for stock return and … diversification benefit in term of hedge or safe haven for real estate fund in Thailand. However, the average beta of real estate fund …

Diversification benefits are shown to vary inversely with the correlation between asset returns. The present study … estimates average correlation coefficients between real estate returns from property-specific data of an internationally … diversified real estate fund in the Netherlands. It is found that diversification benefits within the United States are much …