Figure 2
The image contains three separate graphs labeled Panel A, Panel B, and Panel C. Each graph shows the relationship between portfolio weight and portfolio risk for different asset allocations. Panel A represents the full period, Panel B represents the pre-pandemic period, and Panel C represents the post-pandemic period. The x-axis of each graph represents portfolio risk in percentage, while the y-axis represents portfolio weight in percentage. Different patterns and colors represent various asset classes: Stocks, Bonds, Listed Property, Retail, Office, and Industrial. In Panel A, the portfolio risk ranges from 4.4 percent to 12.5 percent. In Panel B, the portfolio risk ranges from 4.2 percent to 12 percent. In Panel C, the portfolio risk ranges from 1.4 percent to 10.4 percent. The graphs illustrate how the weight of different asset classes changes with varying levels of portfolio risk across different time periods.Australian retail property asset allocation diagram. Source: Authors’ compilation/analysis