Author: | Eichholtz, P. Koedijk, K. Schweitzer, M. |
Title: | Global property investment and the costs of international diversification |
Journal: | Journal of International Money and Finance
2001 : JUN, VOL. 20:3, p. 349-366 |
Index terms: | DIVERSIFICATION INVESTMENT PROPERTY |
Language: | eng |
Abstract: | There is trade-off between the costs and benefits of international diversification. This paper shows that the costs for property investors can be reduced substantially through investments in public real estate companies, which concentrate on their local, domestic market. |
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