Social housing is a distinct asset sub-class with unique asset management (AM) challenges. This research examines social housing asset management in Australia and develops a best practice framework that outlines AM processes and criteria for making decisions.

This guide provides a simplified generic asset management framework (AMF) intended for use by social housing organisations (SHOs) seeking to bring their asset management into line with best practice.

We model the tax drag from active funds management by simulating portfolios based on reported monthly holdings of 207 active Australian equity funds between July 2000 and December 2010, and then compare both pre-tax- and after-tax fund returns versus those for passive indices modeled under the same assumptions. Tax drag erodes 65% of the 0.74%...

We use portfolio holdings data to examine the performance of 143 global equity funds over the period 2002 to 2012. We find that the average global equity manager outperforms their benchmark by 1.2% to 1.4% per annum before fees. Attribution analysis reveals that the prime source of excess return relates to selecting stocks that beat...

A performance evaluation approach is developed to support long-term investment programs, where asset selection is based on the internal rate of return estimated with reference to long-term cash flows.