Here’s what we found:
- The public real estate market is uniquely inefficient and a fertile ground for active, factor-based investing.
- Real estate is a diversifying asset class with many benefits, but most investors are under-allocated.
- Public REITs offer complementary exposure while avoiding the drawbacks and barriers to entry of private real estate, but with lower fees and no loss of performance.
Continue reading “5 Ways a Factor Alpha Approach
Can Boost REIT Portfolios”
You don’t see many asset managers proclaiming “We buy stagnating or low-growth businesses trading at average prices” — yet that’s the profile of the stocks that quietly started to lead the market this time last year, persisting well into the 2nd Quarter. Let’s explore the “peculiar” characteristics of this rally… Continue reading “A Peculiar 2Q16”