IPF Research Awards 2025: Real Estate Exposure and Investment Performance of Pension Funds - Evidence from OECD Countries

This study investigates the effect of pension funds’ real estate holdings on their investment performance, using data from 12 OECD countries between 2007 and 2023. The research assesses if greater exposure to real estate improves the investment performance of pension portfolios and whether this effect remains consistent under different market conditions.

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