Diversification gains in mean‐variance efficiency derived from including real estate in
financial asset portfolios are examined. Optimal financial and mixed‐asset portfolios were …

We investigate issues of importance to individual investors concerning Cubes, the NASDAQ-100
Index Tracking Stock. Individual investors are the major long-term holders of Cubes …

Exchange Traded Funds (ETFs), including the innovative leveraged (long and inverse) types,
and the ever more creative traditional versions, are accelerating in popularity as preferred …

Can leveraged and inverse, exchange traded funds (ETFs) be useful in managing real
estate portfolio risks emanating from changes in property prices, interest rates, default rates, …

Out-of-sample tests of a three-factor capital asset pricing model using mutual fund data for
the period 1995-2000 indicate that size, book-to-market (BV/MV), and market beta factors do …

Adding US real estate to a US-based financial asset portfolio has provided substantial
diversification gains in risk-return efficiency for US investors. These gains have been attributed to …

Under conditions of upward-trending stock prices in the broad market, bull (long) leveraged
exchange-traded funds (LETFs) benchmarked to the S&P 500 Index produce significant …

Tracking error is the deviation of a leveraged exchangetraded fund’s (ETF’s) return from the
stated multiple of its benchmark index. Leveraged real estate and real estate–related ETFs, …

This article presents information on the deceptive measures of the observed forecasting
accuracy of the Bayesian technique. The Bayesian method facilitates the estimation of a …

The authors evaluate US Treasury and real estate indexed leveraged-inverse exchanged
traded funds (LIETFs), mortgage-based put options, and real estate futures as risk hedges in …