Electronic Resource
Bradford, West Yorkshire [u.a.]
:
Emerald
Journal of property investment & finance
17 (1999), S. 145-157
ISSN:
1463-578X
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
There are three basic approaches to style analysis: (i) an examination of the portfolio and security selection procedures used by the fund managers, (ii) a factor model approach, and (iii) return-based approaches, all with their own strengths and weaknesses. Of the return-based methods the effective asset mix approach, as devised and popularised by Sharpe, offers the investor the simplest route to style analysis. This study applies this approach to a sample of 37 property funds in the UK and shows that style analysis can make an important contribution to the analysis of portfolio performance. Results that should prove of considerable interest to fund managers and property professionals alike.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/14635789910258534
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