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| Real Estate Portfolio Management
Practices of Pension Funds and Insurance Companies in the Netherlands: A Survey Author: Dirk P.M. De Wit Start Page: 131 Abstract: Pension funds and
insurance companies in the Netherlands allocate, on average, over 15% to equity real
estate. This suggests that they hold different beliefs and/or apply different decision
rules than their U.S. counterparts, who typically have allocated only about 4% of their
wealth to real estate. A personal survey was conducted to test whether the findings of
similar (mail) surveys on U.S. real estate portfolio management practices also hold for
Dutch institutions. Unlike the Americans, for example, the Dutch are found to not
systematically adjust for risk and to invest in real estate because of its
inflation-hedging capacities. |
