3. The following statement is taken from a June 2012 Merrill Lynch publication: Real estate has historically

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3. The following statement is taken from a June 2012 Merrill Lynch publication:

Real estate has historically displayed low or negative correlations to other major asset classes, providing investors with valuable diversification benefits that can work to improve an investor’s efficient frontier.16 Explain this quote.

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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