, (2) competitive risk-adjusted performance, and (3) significant portfolio diversification potential in a mixed … due to the shifting preference towards investment vehicles that position higher on the risk-return curve. Non-listed value …

In this paper, we study the international and sectoral diversification potential in realestate portfolios. Building on … statistical test to compare country-leveland sector-level diversification potential. This new diversification test provides … for real estate investments broadly reveal that international diversificationdominates sectoral diversification …