标题: Alt. Investments - Real estate [打印本页] 作者: cross-ied 时间: 2011-7-13 16:18 标题: Alt. Investments - Real estate
The use of appraised values tends to smooth the returns of appraisal~based indexes relative to market prices. In portfolio optimization models, appraisal~based indexes will tend to have very large weights because of their low volatility and low correlation with important asset-class proxies such as the S&P 500 stock index.
can anyone explain what this means?作者: invic 时间: 2011-7-13 16:18
can anyone help with this?作者: agulani 时间: 2011-7-13 16:18
Very clear answer. You should write the books for the CFA.
