Risk Reduction & Diversification in Property Portfolios (February 2007)
A research report from the IPF and IPFET Joint Research Programme. The research examines risk reduction and diversification through the identification of risk at an individual property level. Risk is further analysed at segment level and in relation to corresponding total returns. Individual risk characteristics are used to inform the nature and control of portfolio risk. Simulation models explore risk, diversification and numbers of properties within a portfolio, providing implications for portfolio management.