Role of timberland in us investment portfolios
| Data(s) |
25/08/2001
|
|---|---|
| Resumo |
Timberland is now regarded as a long-term investment with both institutional investors and absentee owners. This paper utilises the NCREIF Timberland index to examine the performance of US timberland over the period of 1987-1999. US timberland was found to provide significant risk reduction and portfolio diversification benefits in the portfolio resulting from the low risk and low correlation with stocks and bonds. Timberland was also found to make a significant contribution to a portfolio of stocks, bonds and real estate, particularly at low to midrange portfolio risk levels. |
| Formato |
application/pdf |
| Identificador | |
| Publicador |
Royal Institution of Chartered Surveyors |
| Relação |
http://eprints.qut.edu.au/28880/1/c28880.pdf http://www.rics.org/site/scripts/download_info.aspx?fileID=1904&categoryID=450 Eves, Chris & Newell, Graeme (2001) Role of timberland in us investment portfolios. In Royal Institution of Chartered Surveyors : Cutting Edge Conference, August 2001, Oxford. (Unpublished) |
| Direitos |
Copyright 2001 [please consult the authors] |
| Fonte |
Faculty of Built Environment and Engineering; School of Accountancy |
| Palavras-Chave | #150205 Investment and Risk Management #150403 Real Estate and Valuation Services #Timberland #Forestry #investment returns #portfolio diversification #mixed-asset portfolios |
| Tipo |
Conference Paper |
