Finansinių ir nekilnojamojo turto investicijų portfelio formavimo aspektai ir galimybės

Abstract

The article examines a problem of an efficient investment portfolio formation. Taking in consideration ihe theoretical and practical aspects of the investment portfolio formation and based on the empirical studies of foreign and Lithuanian researchers, an efficient investment portfolio is being formed of investments in the Lithuanian stock market and Vilnius real estate market. Hie analysis of the interaction of some different assets approved the suitability of the real estate for investment portfolio diversification, it has also proved that the real estate could hedge when consumer prices are rising and give a higher investment return. The analysis revealed that investments to the residential real estate market could significantly reduce the risk of the portfolio or increase its return; it could also hedge against inflation.