Diversification with International REITs

W. Brent Lindquist, Svetlozar T. Rachev, Yuan Hu, Abootaleb Shirvani

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The question of the diversification impact under the inclusion of international REITs into the prototype domestic REIT portfolios of Chap. 4 is addressed in this Chapter. Optimized portfolios consisting solely of the international REITs and of global (combined domestic and international) REITs are constructed and their performance compared with the domestic REIT portfolios of Chap. 4. Overall, whether employing long-only or long–short strategies, there is little evidence that diversification via international REITs can improve performance.

Original languageEnglish
Title of host publicationDynamic Modeling and Econometrics in Economics and Finance
PublisherSpringer Science and Business Media Deutschland GmbH
Pages73-86
Number of pages14
DOIs
StatePublished - 2022

Publication series

NameDynamic Modeling and Econometrics in Economics and Finance
Volume30
ISSN (Print)1566-0419
ISSN (Electronic)2363-8370

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