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dc.contributor.authorKnutsen, Jarand Aslak
dc.contributor.authorLien, Andreas Tveitan
dc.date.accessioned2018-03-06T10:38:40Z
dc.date.available2018-03-06T10:38:40Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11250/2488841
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2017nb_NO
dc.description.abstractAccording to the infrastructure investment narrative, infrastructure is less exposed to business cycles and less affected by short term events, implying a potential diversification benefit in a mixed asset portfolio. Does the same characteristics hold for listed infrastructure? And should listed infrastructure be treated as a separate asset class? This paper seeks to answer those questions through a comprehensive analysis consisting of a mean-variance portfolio optimization, a mean value-at-risk optimization and a mean-variance spanning test. Weekly return indices from Bloomberg spanning from 2003 to 2016 was used in the analysis. This paper is not supportive of the claims that listed infrastructure should be treated as a separate asset class, nor that it improves the mean-variance tradeoff in a global mixed asset portfolio.nb_NO
dc.language.isoengnb_NO
dc.publisherBI Norwegian Business Schoolnb_NO
dc.subjectfinansnb_NO
dc.subjectfinancenb_NO
dc.titleDiversification benefits of listed infrastructurenb_NO
dc.typeMaster thesisnb_NO


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