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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期-行業數據

圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期
注：非上市房地產基準于 2017 年成立，故默認 2017 年前基準與實際表現 相同，右同
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第1頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第2頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第3頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第4頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第5頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第6頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第7頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第8頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第9頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第10頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第11頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第12頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第13頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第14頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第15頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第16頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第17頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第18頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第19頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第20頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第21頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第22頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第23頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第24頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第25頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第26頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第27頁
圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第28頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第29頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第30頁
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圖18所示，自2017年建立非上市房地產資產的基準后，組合與基準的五年期_第31頁
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所屬報告： 大類資產配置及模型研究（十二）：主權財富基金（SWF）的挪威模式深度透視GPFG的主動管理之路-240305（22頁）.pdf
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