RT Journal Article
SR Electronic
T1 Asset Allocation Implications of Illiquid Assets
JF The Journal of Investing
FD Institutional Investor Journals
SP joi.2022.1.229
DO 10.3905/joi.2022.1.229
A1 Tony Berrada
A1 Olivier Scaillet
A1 Zhicheng Zhang
YR 2022
UL https://pm-research.com/content/early/2022/04/15/joi.2022.1.229.abstract
AB In the wake of the global financial crisis, with low returns on traditional fixed income instruments, institutional investors seek alternative investment vehicles with similar characteristics. Illiquid assets, such as infrastructure and real estate, have become an increasingly important share of their investments. In this article, we study the performance impact in terms of diversification and return of introducing illiquid assets in an otherwise standard allocation.