Post | 13 Dec 2021

Active vs. Passive Fund Performance in European listed real estate

This research paper examines the performance of active and passive funds for European listed real estate in the period 2006-2021 covering a literature review, comparative statistical analysis of returns and other key fund metrics, and finally the development of an empirical model to investigate relative performance of active and passive funds and identify features of top performing funds in terms of size and strategy.

The empirical analysis suggests a strong positive relationship between active management and superior risk-adjusted returns (net of fees) relative to passive management. The results indicate that active funds on average earn 3.2% higher returns relative to passive funds over the long run.

To download the report, please fill out the form below.

Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques.

Related Services

Post

Impacts of the proposed Los Angeles fast food ordinance

Save Local Restaurants commissioned Oxford Economics to calculate high-level cost estimates relating to a proposed city ordinance that would impose new requirements on quick-service restaurant operators in Los Angeles.

Find Out More

Post

Catalyzing Africa’s Sustainable Transition: Insights to Impact a Climate-Resilient Future

Sustainable finance is not merely a climate imperative but a development necessity. As climate risks intensify, Africa must urgently mobilise capital to advance its adaptation, mitigation, and development goals. Realising this ambition will require coordinated action across governments, financial institutions, international partners, multilateral agencies, and the private sector. With bold leadership, innovative tools, and supportive ecosystems, the continent can chart a path toward a more inclusive, resilient, and sustainable global economy.

Find Out More

Post

Global P&C Insurance Outlook to 2050

Capgemini leveraged custom macro and insurance market forecasts from Oxford Economics for their latest P&C insurance flagship report.

Find Out More