Please use this identifier to cite or link to this item:
|Title:||The significance and performance of property securities markets in the Asian IFCs|
|Source:||Newell, G.,Wing, C.K.,Kei, W.S.,Hiang, L.K. (2009). The significance and performance of property securities markets in the Asian IFCs. Journal of Property Research 26 (2) : 125-148. ScholarBank@NUS Repository. https://doi.org/10.1080/09599910903441721|
|Abstract:||This paper assesses the significance, risk-adjusted performance and portfolio diversification benefits of the listed property securities markets in the Asian international financial centres (IFCs) of Tokyo, Singapore and Hong Kong over January 1998 - March 2008, contrasting this performance to six major non-IFC markets in Asia. Significant risk-adjusted returns are evident for these Asian IFCs, with this having been enhanced in recent years. Portfolio diversification benefits are also evident for these Asian IFCs; however, superior portfolio diversification benefits are provided by the Asian non-IFC markets in a pan-Asia property portfolio context for global investors. These results highlight the need for global investors in the Asian markets to include both the major IFC markets and the non-IFC markets to achieve effective portfolio diversification benefits in their pan-Asia property portfolios. © 2009 Taylor & Francis.|
|Source Title:||Journal of Property Research|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Jan 17, 2018
checked on Jan 15, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.