{"data":{"id":"10.6084/m9.figshare.5671081.v1","type":"dois","attributes":{"doi":"10.6084/m9.figshare.5671081.v1","prefix":"10.6084","suffix":"m9.figshare.5671081.v1","identifiers":[],"alternateIdentifiers":[],"creators":[{"name":"MARIA CELIA LÓPEZ-PENABAD","affiliation":[],"nameIdentifiers":[]},{"name":"CARMEN LÓPEZ-ANDIÓN","affiliation":[],"nameIdentifiers":[]},{"name":"ANA IGLESIAS-CASAL","affiliation":[],"nameIdentifiers":[]},{"name":"JOSÉ MANUEL MASIDE-SANFIZ","affiliation":[],"nameIdentifiers":[]}],"titles":[{"title":"REIT in Brazil: An opportunity of international diversification"}],"publisher":"SciELO journals","container":{},"publicationYear":2017,"subjects":[{"subject":"150399 Business and Management not elsewhere classified","subjectScheme":"FOR"},{"subject":"FOS: Economics and business","schemeUri":"http://www.oecd.org/science/inno/38235147.pdf","subjectScheme":"Fields of Science and Technology (FOS)"},{"subject":"FOS: Economics and business","subjectScheme":"Fields of Science and Technology (FOS)"}],"contributors":[],"dates":[{"date":"2017-12-05","dateType":"Created"},{"date":"2017-12-05","dateType":"Updated"},{"date":"2017","dateType":"Issued"}],"language":null,"types":{"ris":"DATA","bibtex":"misc","citeproc":"dataset","schemaOrg":"Dataset","resourceType":"Dataset","resourceTypeGeneral":"Dataset"},"relatedIdentifiers":[{"relationType":"IsSupplementTo","relatedIdentifier":"10.1590/s0034-759020170402","relatedIdentifierType":"DOI"},{"relationType":"IsIdenticalTo","relatedIdentifier":"10.6084/m9.figshare.5671081","relatedIdentifierType":"DOI"}],"relatedItems":[],"sizes":["1061875 Bytes"],"formats":[],"version":null,"rightsList":[{"rights":"Creative Commons Attribution 4.0 International","rightsUri":"https://creativecommons.org/licenses/by/4.0/legalcode","schemeUri":"https://spdx.org/licenses/","rightsIdentifier":"cc-by-4.0","rightsIdentifierScheme":"SPDX"}],"descriptions":[{"description":"ABSTRACT The benefits of international diversification have been modified by the continuous change in the correlations between markets. Real estate investment has a high potential as a diversifying asset in a portfolio. The aim of this paper is to analyze the diversification by investing in REITs and equities for an investor from Brazil. We build optimal portfolios out-of-sample using predictions of volatility, correlations and yields following the DCC and VAR-DCC methods for the BOVA11, Ifix and SPDR S\u0026amp;P500 indices, during the period from December 1, 2014 to October 30, 2015. Our results show that the VAR-DCC approach slightly improves the DCC and Plug-in approaches, and the Naïve strategy.","descriptionType":"Abstract"}],"geoLocations":[],"fundingReferences":[],"xml":"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","url":"https://scielo.figshare.com/articles/REIT_in_Brazil_An_opportunity_of_international_diversification/5671081/1","contentUrl":null,"metadataVersion":3,"schemaVersion":"http://datacite.org/schema/kernel-4","source":"mds","isActive":true,"state":"findable","reason":null,"viewCount":1,"viewsOverTime":[{"yearMonth":"2025-07","total":1}],"downloadCount":0,"downloadsOverTime":[{"yearMonth":"2025-07","total":0}],"referenceCount":1,"citationCount":0,"citationsOverTime":[],"partCount":0,"partOfCount":0,"versionCount":0,"versionOfCount":0,"created":"2017-12-05T15:35:22.000Z","registered":"2017-12-05T15:35:23.000Z","published":"2017","updated":"2020-08-31T08:51:24.000Z"},"relationships":{"client":{"data":{"id":"figshare.ars","type":"clients"}},"provider":{"data":{"id":"otjm","type":"providers"}},"media":{"data":{"id":"10.6084/m9.figshare.5671081.v1","type":"media"}},"references":{"data":[{"id":"10.1590/s0034-759020170402","type":"dois"}]},"citations":{"data":[]},"parts":{"data":[]},"partOf":{"data":[]},"versions":{"data":[]},"versionOf":{"data":[]}}}}