International records / OpenAlex research

IMPACT OF ADDING SECURITISED PROPERTY INTO MIXED-ASSET PORTFOLIO IN EMERGING MARKETS: EVIDENCE FROM NIGERIA

PURPOSE: The paper examined the performance of securitised property and analysed its diversification benefits when added into domestic mixed-asset portfolios, constructed using Naïve and MPT optimization techniques. The paper also tested the hypothesis that the performance of naïve portfolios with securitised properties is better than naïve portfolios without such. DESIGN/METHODS: The data comprised of quarterly returns on securitised property, all share, Federal bonds, State bonds, Debentures and Treasury bills for years 2000 to 2013. Return-risk analysis was compared using mean return, stand…