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Evaluating Diversification Strategi Direct Property Investment Portfo

Olaleye, A. and Aluko, B. T. and Oloyede, S. A. (2008) Evaluating Diversification Strategi Direct Property Investment Portfo. American Real Estate Society, 14 (3). pp. 223-232.

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Abstract

Executive Summary. This paper evaluates diversification strategies adop direct property investments in the Nigerian property market. Annual hold returns were calculated from the data on rental transactions and capital v the 1998-2003 period. Under the assumption that investments are held lon constant correlation model or excess return to standard deviation represe covariance structure of assets’ returns, the findings revealed that property geographic naïve diversification strategies underperformed most of the eff portfolios constructed using constant correlation model. Most of the perfo results were found to be statistically significant at the 0.05 level. The resu that an efficient portfolio may not be more efficient than a naïvely diversif portfolio in all cases.

Item Type: Article
Subjects: Q Science > Q Science (General)
Q Science > QC Physics
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Faculty of Engineering, Science and Mathematics > School of Engineering Sciences
Depositing User: Mrs Patricia Nwokealisi
Date Deposited: 09 Apr 2018 13:54
Last Modified: 09 Apr 2018 13:54
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/10566

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