In research sponsored by the National Association of Real Estate Investment Trusts (NAREIT), investment advisory firm Wilshire Associates came out in favor of the role of REITs and listed real estate equities in target-date fund asset allocations.
In its report titled "The Role of REITs and Listed Real Estate Equities in Target Date Fund Asset Allocations," Wiltshire advocated for greater inclusion of REITs in TDFs.
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