Show simple item record

dc.contributor.authorDrew, Michaelen_US
dc.contributor.authorWalk, Adamen_US
dc.contributor.authorWest, Jasonen_US
dc.date.accessioned2017-09-08T12:30:25Z
dc.date.available2017-09-08T12:30:25Z
dc.date.issued2015en_US
dc.identifier.issn0095-4918en_US
dc.identifier.doi10.3905/jpm.2015.41.6.082en_US
dc.identifier.urihttp://hdl.handle.net/10072/339887
dc.description.abstractIn this article, the authors investigate the potential for real estate as an asset class to be exploited to protect against sequencing risk (or path dependency) in defined contribution retirement funds. Their results suggest that allocating both listed and unlisted real estate assets to retirement portfolios, even if very minor, can enhance the risk–return profile and probability of successfully achieving retirement outcomes. Using a bootstrap simulation approach, the authors test for a range of asset allocations that include real estate. In addition, they examine the sensitivity of real estate performance to changes in monetary policy to optimize portfolio outcomes for fund managers who actively seek exposure to real estate assets. Their findings indicate that the performance of real estate is highly dependent on monetary policy settings that, when used in a dynamic asset allocation process, have the potential to enhance portfolio returns while limiting the impact of downside risk.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.publisherInstitutional Investoren_US
dc.relation.ispartofpagefrom82en_US
dc.relation.ispartofpageto95en_US
dc.relation.ispartofissue6en_US
dc.relation.ispartofjournalJournal of Portfolio Managementen_US
dc.relation.ispartofvolume41en_US
dc.subject.fieldofresearchInvestment and Risk Managementen_US
dc.subject.fieldofresearchcode150205en_US
dc.titleConditional Allocations to Real Estate: An Antidote to Sequencing Risk in Defined Contribution Retirement Plansen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.hasfulltextNo Full Text


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

  • Journal articles
    Contains articles published by Griffith authors in scholarly journals.

Show simple item record