Autor:	Craft, Timothy M.
Zdroj:	Investment Guides Series: Journal of Portfolio Management Special Issue: Real Estate; Sep2005, p23-31, 9p
Abstrakt:	The article discusses the effects of pension plan liabilities on real estate and presents the models used in predicting asset allocations, traditional mean-variance and the asset-liability model. The real estate provides diversification benefits due to its low correlation with other asset classes. Pension plans in various firms can differ optimal allocations to private and public real estate. It concluded that asset-liability model offers an efficient set of asset allocations to the industries.
Databáze:	Complementary Index
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