Using mean-variance utility function analysis with various degrees of risk aversion, this
research examines the impact of Real Estate Investment Trusts (REITs) in creating optimal …

The correlation between stock and bond returns plays a critical role in investor asset
allocation decisions and the effectiveness of stock-bond diversification in reducing portfolio …

In this paper, the marginal effects of changes (due to non-stationarity or estimation errors) in
the REIT-stock risk premium and the REIT-stock correlation on the optimal portfolio asset mix …

With increasing uncertainties in financial markets, individual investors now face difficult
asset allocation choices. This article provides a framework for this deliberation by examining …

This paper investigates potential international capital market diversification gains from
relationships between global government bond and equity markets. Its primary contributions …