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Article: The significance and performance of property securities markets in the Asian IFCs
Title | The significance and performance of property securities markets in the Asian IFCs |
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Authors | |
Keywords | Asia Ifcs Performance Analysis Portfolio Diversification Property Securities |
Issue Date | 2009 |
Publisher | Routledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09599916.asp |
Citation | Journal Of Property Research, 2009, v. 26 n. 2, p. 125-148 How to Cite? |
Abstract | This paper assesses the significance, risk-adjusted performance and portfolio diversification benefits of the listed property securities markets in the Asian international financial centres (IFCs) of Tokyo, Singapore and Hong Kong over January 1998 - March 2008, contrasting this performance to six major non-IFC markets in Asia. Significant risk-adjusted returns are evident for these Asian IFCs, with this having been enhanced in recent years. Portfolio diversification benefits are also evident for these Asian IFCs; however, superior portfolio diversification benefits are provided by the Asian non-IFC markets in a pan-Asia property portfolio context for global investors. These results highlight the need for global investors in the Asian markets to include both the major IFC markets and the non-IFC markets to achieve effective portfolio diversification benefits in their pan-Asia property portfolios. © 2009 Taylor & Francis. |
Persistent Identifier | http://hdl.handle.net/10722/168773 |
ISSN | 2023 Impact Factor: 2.1 2023 SCImago Journal Rankings: 0.364 |
ISI Accession Number ID | |
References |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Newell, G | en_US |
dc.contributor.author | Wing, CK | en_US |
dc.contributor.author | Kei, WS | en_US |
dc.contributor.author | Hiang, LK | en_US |
dc.date.accessioned | 2012-10-08T03:32:18Z | - |
dc.date.available | 2012-10-08T03:32:18Z | - |
dc.date.issued | 2009 | en_US |
dc.identifier.citation | Journal Of Property Research, 2009, v. 26 n. 2, p. 125-148 | en_US |
dc.identifier.issn | 0959-9916 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/168773 | - |
dc.description.abstract | This paper assesses the significance, risk-adjusted performance and portfolio diversification benefits of the listed property securities markets in the Asian international financial centres (IFCs) of Tokyo, Singapore and Hong Kong over January 1998 - March 2008, contrasting this performance to six major non-IFC markets in Asia. Significant risk-adjusted returns are evident for these Asian IFCs, with this having been enhanced in recent years. Portfolio diversification benefits are also evident for these Asian IFCs; however, superior portfolio diversification benefits are provided by the Asian non-IFC markets in a pan-Asia property portfolio context for global investors. These results highlight the need for global investors in the Asian markets to include both the major IFC markets and the non-IFC markets to achieve effective portfolio diversification benefits in their pan-Asia property portfolios. © 2009 Taylor & Francis. | en_US |
dc.language | eng | en_US |
dc.publisher | Routledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/09599916.asp | en_US |
dc.relation.ispartof | Journal of Property Research | en_US |
dc.subject | Asia | en_US |
dc.subject | Ifcs | en_US |
dc.subject | Performance Analysis | en_US |
dc.subject | Portfolio Diversification | en_US |
dc.subject | Property Securities | en_US |
dc.title | The significance and performance of property securities markets in the Asian IFCs | en_US |
dc.type | Article | en_US |
dc.identifier.email | Wing, CK:hrrbckw@hkucc.hku.hk | en_US |
dc.identifier.email | Kei, WS:kelvin.wong@hku.hk | en_US |
dc.identifier.authority | Wing, CK=rp00993 | en_US |
dc.identifier.authority | Kei, WS=rp01028 | en_US |
dc.description.nature | link_to_subscribed_fulltext | en_US |
dc.identifier.doi | 10.1080/09599910903441721 | en_US |
dc.identifier.scopus | eid_2-s2.0-72149086004 | en_US |
dc.identifier.hkuros | 172001 | - |
dc.relation.references | http://www.scopus.com/mlt/select.url?eid=2-s2.0-72149086004&selection=ref&src=s&origin=recordpage | en_US |
dc.identifier.volume | 26 | en_US |
dc.identifier.issue | 2 | en_US |
dc.identifier.spage | 125 | en_US |
dc.identifier.epage | 148 | en_US |
dc.identifier.isi | WOS:000415470400002 | - |
dc.publisher.place | United Kingdom | en_US |
dc.identifier.scopusauthorid | Newell, G=10045199100 | en_US |
dc.identifier.scopusauthorid | Wing, CK=24830082500 | en_US |
dc.identifier.scopusauthorid | Kei, WS=7404591021 | en_US |
dc.identifier.scopusauthorid | Hiang, LK=35299642700 | en_US |
dc.identifier.issnl | 0959-9916 | - |