Australian Retirement Living & Aged Care Investment Performance

Towart, L

Australian Retirement Living & Aged Care Investment Performance

Towart, L

Permalink

Publication Type:: Conference Proceeding
Citation:: 2017
Issue Date:: 2017

Open Access

Copyright Clearance Process

Recently Added
In Progress
Open Access

This item is open access.

Adobe PDF

Download Published versionAdobe PDF (297.23 kB)

View statistics

Full metadata record

Field	Value	Language
dc.contributor.author	Towart, L https://orcid.org/0000-0002-2420-5911	en_US
dc.date	2017-01-15	en_US
dc.date.issued	2017	en_US
dc.identifier.citation	2017	en_US
dc.identifier.uri	http://hdl.handle.net/10453/127580
dc.description.abstract	Institutional investors use modern portfolio theory when making investment decisions. A requirement of this is established benchmarks incorporating historic performance on which to base future decisions. The difficulty arises with regard to new and emerging asset classes which lack these benchmarks. In Australia the Retirement Living and Aged Care (RLAC) sector still lacks a benchmark performance metric. This paper looks at historical investment performance in the sector and constructs a market capitalisation weighted return index. In doing so it identifies current problems with such an index for the sector. Not only is the sector heterogeneous but also showing considerable dynamism in business models.	en_US
dc.relation.ispartof	Pacific Rim Real Estate Society Conference	en_US
dc.title	Australian Retirement Living & Aged Care Investment Performance	en_US
dc.type	Conference Proceeding
utslib.location.activity	Sydney	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	false	en_US
pubs.finish-date	2017-01-20	en_US
pubs.start-date	2017-01-15	en_US

Abstract:

Institutional investors use modern portfolio theory when making investment decisions. A requirement of this is established benchmarks incorporating historic performance on which to base future decisions. The difficulty arises with regard to new and emerging asset classes which lack these benchmarks. In Australia the Retirement Living and Aged Care (RLAC) sector still lacks a benchmark performance metric. This paper looks at historical investment performance in the sector and constructs a market capitalisation weighted return index. In doing so it identifies current problems with such an index for the sector. Not only is the sector heterogeneous but also showing considerable dynamism in business models.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/127580