Equities or Real Estate? An International Evaluation of Listed Property Markets

摘要: Purpose – The purpose of the paper is to examine role securitised real estate within confines a multi‐asset investment portfolio and identify if indeed can afford investors desired benefits direct property whilst mitigating many recognised barriers risks.Design/methodology/approach employs suite analytical techniques; lead‐lag correlations are utilised market dynamics between listed markets across jurisdictions. Grainger causality co‐integration techniques applied nature extent relationships with optimal analysis explore optimum weighting allocation portfolio.Findings findings demonstrated unresponsive relative in some jurisdictio...