Access the full text.
Sign up today, get DeepDyve free for 14 days.
Robert Ashurst, G. Blundell, P. Booth, M. Cumberworth, G. Griffiths, Guy Morrell (1998)
Property investment for UK pension funds post‐MFRJournal of Property Valuation and Investment, 16
A. Adams, P. Booth (1996)
The appraisal of over‐rented propertyJournal of Property Finance, 7
A. Wilkie (1995)
More on a Stochastic Asset Model for Actuarial UseBritish Actuarial Journal, 1
E. Fama, K. French (1992)
The Cross‐Section of Expected Stock ReturnsJournal of Finance, 47
A. Wilkie (1985)
Portfolio selection in the presence of fixed liabilities: A comment on “The matching of assets to liabilities”Journal of the Institute of Actuaries, 112
A. Macleary, N. Nanthakumaran (1988)
Property Investment Theory
L. Chan, Josef Lakonishok (1992)
Are the Reports of Beta's Death Premature?, 19
P. Booth (1995)
The Management of investment risk for defined contribution pension schemesInsurance Mathematics & Economics, 17
W. Sharpe, Lawrence Tint (1990)
Liabilities— A New Approach, 16
G. Matysiak, Martin Hoesli, B. MacGregor, N. Nanthakumaran (1996)
The long term inflation hedging characteristics of UK commercial propertyJournal of Property Finance, 7
M. Sherris (1992)
Portfolio selection and matching: a synthesisJournal of the Institute of Actuaries, 119
P. Booth (1997)
The analysis of actuarial investment risk
N. Anderson, Francis Breedon (1996)
U.K. Asset Price Volatility Over the Last 50 YearsDerivatives eJournal
P. Levy (1993)
Self-Appraisal and Attributions: A Test of a ModelJournal of Management, 19
A. Wise (1984)
The matching of assets to liabilitiesInternational Journal of Information Acquisition
A. Smith (1996)
How Actuaries Can Use Financial EconomicsBritish Actuarial Journal, 2
A. Adams, P. Booth, P. Venmore‐Rowland (1993)
Theoretical volatility measures for freehold property investmentsJournal of Property Research, 10
R. Clarkson (1989)
The measurement of investment riskJournal of the Institute of Actuaries, 116
H. Levy, H. Markowtiz (1979)
Approximating Expected Utility by a Function of Mean and VarianceThe American Economic Review, 69
P. Booth, G. Matysiak (1996)
Commercial property investment and the Pensions Act 1995Journal of Property Finance, 7
H. Tarbert (1996)
Is commercial property a hedge against inflation? A cointegration approachJournal of Property Finance, 7
Paul Firstenberg, S. Ross, R. Zisler (1988)
Real estate, 14
A. Wise (1984)
A theoretical analysis of the matching of assets to liabilitiesJournal of the Institute of Actuaries, 111
Claims as property modelling and forecasting techniques have developed to take account of new investment theories, property researchers have tended to follow the approach of modern portfolio theory and, sometimes, the capital asset pricing model (CAPM). Argues that one of the reasons why property is often not included in actuarial property forecasting models for the purpose of asset allocation (which is a widespread perception in the property industry) is because actuaries have not made clear to property researchers the forms of their models, which are often quite different from those used in others parts of the finance literature. Explains how traditional investment theory can be adapted for actuarial use and how actuaries use forecasting models in asset allocation. Areas of property research which would assist actuaries develop better property forecasting models are identified.
Journal of Property Finance – Emerald Publishing
Published: Dec 1, 1997
Keywords: Assets management; Forecasting; Investment; Valuation
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.