Alternative Investments Benchmark Biases

CFA Level III Portfolio Management
#1

what are the biases of the NAREITs benchmark ?

#2
  1. it would reflect more of the Equity Market itself - bcos it is based on the Shares of the REITS listed on the NYS / AMSE. 2. market cap weighted - a bigger market capitalization would reflect higher on the index . 3. many of the REITs use leverage…