applying modern portfolio theory to …（现代投资组合理论应用到u2026）.pdfVIP

Applying Modern Portfolio Theory to Timberland Allocation Bruce Carroll1 Abstract Significant research has gone into developing models showing the appropriate mix of equity investments to optimize risk-adjusted returns. These optimal portfolios often have a mix of stocks, bonds, and cash. Increasingly, institutional investors are looking for other alternative investments to increase the return or lower the risk of their investment portfolios. Real estate assets, including