Do the Managers of Global Real Estate Mutual Funds Have Skills?
نویسندگان
چکیده
We examine the performance of active, global real estate mutual funds (GREMFs), both at sector and individual fund levels. apply a bootstrap procedure to separate genuine skills from luck. find no evidence skills, but lack in bottom 10% funds. that outsourcing has positive effect on GREMFs negative overall. also timing or stock selection. Overall, our results suggest there is benefit U.S. domestic investor investing GREMFs.
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ژورنال
عنوان ژورنال: Journal of Real Estate Research
سال: 2022
ISSN: ['0896-5803', '2691-1175']
DOI: https://doi.org/10.1080/08965803.2022.2033398