Diversification with International REITs

Authors

W. Brent Lindquist, Texas Tech University
Svetlozar T. Rachev, Texas Tech University
Yuan Hu, University of California, San Diego
Abootaleb Shirvani, Kean University

Document Type

Article

Publication Date

1-1-2022

Abstract

The question of the diversification impact under the inclusion of international REITs into the prototype domestic REIT portfolios of Chap. 4 is addressed in this Chapter. Optimized portfolios consisting solely of the international REITs and of global (combined domestic and international) REITs are constructed and their performance compared with the domestic REIT portfolios of Chap. 4. Overall, whether employing long-only or long–short strategies, there is little evidence that diversification via international REITs can improve performance.

Publication Title

Dynamic Modeling and Econometrics in Economics and Finance

First Page Number

73

Last Page Number

86

DOI

10.1007/978-3-031-15286-3_5

Recommended Citation

Lindquist, W. Brent; Rachev, Svetlozar T.; Hu, Yuan; and Shirvani, Abootaleb, "Diversification with International REITs" (2022). Kean Publications. 711.
https://digitalcommons.kean.edu/keanpublications/711