As investors have moved to diversify beyond equities and fixed income, real estate has become an integral part of a comprehensive asset allocation strategy. Aside from direct investment in a real estate fund or separate account, there are other options for adjusting a portfolio's exposure to real estate. An exposure management provider can advise on the trade-offs between tracking error, costs, and liquidity associated with each option while incorporating details specific to each investment situation.

This Strategy Spotlight addresses options for adjusting a portfolio's exposure to real estate beyond direct investments in a real estate fund or separate account.