Historically, property has had a low weighting because it is an illiquid asset.
Hence the extreme volatility in illiquid markets like Asia.
With illiquid assets, exit can destroy the bulk of the firm's invested capital.
This market is particularly illiquid so when the bank spotted the losses and decided to close it out, they had to cover the spread and that increased the losses.
Property is an extremely illiquid asset due to the long time and costs involved in selling a property.
Just under 5% of its equity is listed in Moscow, although the market is illiquid and few shares change hands.
Residential real estate can be a very illiquid asset whose value is tied to the economic cycle.
That's a ridiculous range for a relatively illiquid asset like housing.
Industry sources claimed the problem lay in too few gas shippers, which had resulted in an illiquid market.
Both government and businesses seek to privatize former government-owned enterprises, which is made difficult by fragmented and illiquid markets for public stock ownership.