Читать книгу Alts Democratized - Rabe Jessica Lynn - Страница 10

This book uses Lipper classifications to define liquid alts, and these classifications exclude certain assets that some investors define as alternative. The Lipper classifications used in this book exclude real assets of all types – commodities, precious metals, master limited partnerships (MLPs), real estate investment trusts (REITs), privately held real estate, infrastructure investments, and Treasury Inflation-Protected Securities (TIPS). These securities are generally considered real assets in the framework used by institutional investors.