NO.PZ202301100200000101
问题如下:
Is Martin’s warning about investing in private equity real estate portfolios true?选项:
A.Yes. B.No, private equity real estate portfolios are more risky than stock portfolios and have higher expected returns. C.No, private equity real estate portfolios are less risky than stock portfolios and have lower expected returns.解释:
SolutionC is correct. Private equity real estate portfolios are less risky than stock portfolios and have lower expected returns. Private equity real estate has bond-like characteristics because of the stream of lease payments and, at the same time, has stock-like characteristics because of the dependency on the strength of the overall economy when leases are renewed.
A is incorrect because private equity real estate portfolios are less risky than stock portfolios.
B is incorrect because private equity real estate portfolios are less risky than stock portfolios and have lower expected returns.
private equity real estate因为流动性差等原因不应该比stock风险高吗,也对应高收益,为什么private equity real estate是低风险低收益呢?