IDEAS home Printed from https://ideas.repec.org/a/taf/repmxx/v12y2006i3p223-232.html
   My bibliography  Save this article

Persistent Mispricing in Mutual Funds: The Case of Real Estate

Author

Listed:
  • Lee Redding

Abstract

Executive Summary.When mutual funds and related investment companies are unable to compute an accurate net asset value, unintended wealth transfers will occur among fund investors. Previous research has found this effect with international stock funds. Real estate fund managers face an even bigger challenge due to the lack of current price data. By focusing on an investment account involved with direct real estate ownership, the effects of inaccurate fund pricing can bee seen at monthly frequencies. The magnitudes of the asset mispricing and resulting wealth transfers can be estimated, thus pointing the way to a solution.

Suggested Citation

  • Lee Redding, 2006. "Persistent Mispricing in Mutual Funds: The Case of Real Estate," Journal of Real Estate Portfolio Management, Taylor & Francis Journals, vol. 12(3), pages 223-232, January.
    • Handle: RePEc:taf:repmxx:v:12:y:2006:i:3:p:223-232
    DOI: 10.1080/10835547.2006.12089745
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10835547.2006.12089745
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10835547.2006.12089745?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:repmxx:v:12:y:2006:i:3:p:223-232. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/repm20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.