RT Journal Article
SR Electronic
T1 Assessing the Impact of Real Estate on Target Date Fund Performance
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 144
OP 155
DO 10.3905/jpm.2013.39.5.144
VO 39
IS 5
A1 Dave Esrig
A1 Susan Kolasa
A1 Luigi Cerreta
YR 2013
UL https://pm-research.com/content/39/5/144.abstract
AB Defined benefit (DB) plans have used direct real estate in their asset allocations for forty years. Defined contribution (DC) plan sponsors are using the shift to asset allocation funds as an opportunity to do the same. We found that if direct properties were added to target date funds over the past four decades, DC participants in these funds would have experienced substantially improved risk-adjusted performance.TOPICS: Real estate, retirement, in portfolio management