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Real Estate Investments, Regulation,
and Financial Intermediation

URN to cite this document:
urn:nbn:de:bvb:355-epub-372701
Heinrich, Michael
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Date of publication of this fulltext: 14 May 2018 12:37


Abstract (English)

Real estate as an asset class can deliver high risk-adjusted returns, which are also low-correlated to the returns of other asset classes, such as stocks and bonds. According to the literature, a well-diversified mixed-asset portfolio should therefore comprise between 10% and 30% of real estate. This holds true for large and medium-sized institutional investors, but also for small retail ...

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Translation of the abstract (German)

Immobilien als Anlageklasse können hohe risikoadjustierte Renditen liefern, die auch nur gering mit den Renditen anderer Anlageklassen wie Aktien und Anleihen korrelieren. Der Literatur zufolge sollte ein gut diversifiziertes Mixed-Asset-Portfolio daher zwischen 10% und 30% der Immobilien umfassen. Dies gilt für große und mittlere institutionelle Investoren, aber auch für kleine Privatanleger ...

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