Business (School)
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Item Expenditures In And Revenues From The UKCS : Estimating The Hypothetical Scottish Shares 1970-2003(University of Aberdeen, 1999) Kemp, Alexander G.; Stephen, Linda; University of Aberdeen.EconomicsItem How are pension integration and pension benefits related?(2009-02) Bender, Keith A; University of Aberdeen.EconomicsItem The Hypothetical Scottish Share of Revenues and Expenditures from the UK Continental Shelf 2000 - 2013(The Scottish Government, 2008) Kemp, Alexander George; Stephen, Linda; University of Aberdeen.EconomicsItem Active year in UK Continental Shelf amid market and legislative uncertainties(2008-12) Kemp, Alexander George; University of Aberdeen.EconomicsItem House prices and bubbles in New Zealand(2008-07) Fraser, Patricia; Hoesli, Martin Edward Ralph; McAlevey, Lynn; University of Aberdeen.Business School; University of Aberdeen.AccountancyItem Risk reduction and diversification in UK commercial property portfolios(2007-08-22T15:45:29Z) Devaney, Steven Patrick; Callender, Mark; Sheahan, Angela; Key, Tony; University of Aberdeen, Business SchoolThe issue of diversification in direct real estate investment portfolios has been one of the most widely studied topics in academic and practitioner literature. Most work, however, has been done using mean returns and risks for broad market segments as inputs to asset allocation models, or in a few cases using data from small sets of individual properties. This paper reports results from a comprehensive testing of asset allocation modelling drawing on records of 10,000+ UK properties tracked by Investment Property Databank. It provides for the first time robust estimates of the diversification gains attainable given return, risk and cross-correlations across individual properties actually available to fund managers. The discussion of results covers implications for the number of assets and amount of money needed to construct “balanced” portfolios by direct investment, or via indirect specialist vehicles.