Strategy Note /
Global

The Case Against REITs

    Nicolas Rabener
    Nicolas Rabener

    Managing Director

    FactorResearch
    14 April 2021
    Published by
    1. Real estate stocks featured moderate correlations to stock markets over the last 30 years
    2. However, diversification benefits for equity portfolios were only marginal
    3. Other strategies provide similar yield and downside protection characteristics