Direct and Indirect Investment for International Diversification
Direct and Indirect Investment for International Diversification
Direct and Indirect Investment for International Diversification
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Option 1: <strong>Direct</strong> property ownership<br />
Products<br />
• Domestic<br />
• Collection of national portfolios<br />
• Regional portfolios<br />
• Global portfolio<br />
Positives<br />
• Maximum diversification benefits<br />
• Maximise control<br />
• National benchmarks<br />
Negatives<br />
• Scale, specific risk / portfolio size<br />
• No global or regional benchmarks<br />
• Low liquidity<br />
• Management<br />
• Administration<br />
• Tax <strong>and</strong> legal