... of exchange rate risk may be hedged, resulting in improved risk‐adjusted returns. Thus extends earlier research in international property investment and suggests that international real estate strategies based on diversification (as opposed to currency plays) may be more effective than has been argued...

...Piet M.A. Eichholtz; Martin Hoesli; Bryan D. MacGregor; Nanda Nanthakumaran Analyses data from the USA and UK to determine whether diversification within a region by property type is better than diversification between regions within a property type. Compares both strategies to full diversification...

...Peter Byrne; Stephen Lee Uses modern portfolio theory and a spreadsheet optimizer to make an ex‐post examination of the strategic diversification effects of including property in a multi‐asset portfolio, using UK appraisal‐based(smoothed) data and several derived desmoothed series. Includes...

...; and diversification difficulties concerning premium property. These developments in property securitization will clearly have an ongoing significant impact for the levels of both direct and indirect property among institutional investors. The purpose of this article is to present the results of two surveys...

... in South‐East Asia examines the property investment and finance decision‐making processes used in considering international property. Key issues to emerge from this survey are the desire for portfolio diversification as the primary motivating factor for international property investment and the high...

...A.S. Adair; J.N. Berry; W.S. McGreal Reviews institutional decision making and the role of property within a multi‐asset portfolio. Discusses diversification strategies by sector and region as a means of reducing or managing risk. Indicates the mismatch that can occur between the perception of risk...