Conference Specifics
ISBN:  978-0-9860419-7-6
Conf. Updates










 
29th IBIMA Conference
Vienna, Austria
3 - 4 May 2017 


   




             

Omolade Akinjare, Samuel Oloyede, Olufemi Durodola and Victoria Akinjare

   

       

                                                                                                                                                                           

This paper diversifies stock-bond portfolios with commercial real estate by utilising a ten year data retrieved from the Nigerian Property and stock markets. By the use of the tactical asset allocation strategy, findings showed that an inclusion of between 6.53% and 10.95% of direct commercial real estate in a mixed portfolio of ten stocks and bonds could yield an optimum of 70% and a maximum of 90% return over the study period. The study concludes that though, commercial real estate fails to fall within the efficiency frontier, its inclusion in stock-bond portfolios offered benefits for risk averse investors.











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