Please use this identifier to cite or link to this item:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/43119
Title: | 不動產基金研究 Real Estate Investments |
Authors: | Ju Yin Olive Chang 張如茵 |
Advisor: | 胡星陽(Shing-Yang Hu) |
Keyword: | 不動產,不動產證券化, Real Estate,Real Estate Investment Trusts,Commingled Funds, |
Publication Year : | 2009 |
Degree: | 碩士 |
Abstract: | Real estate is one of the earliest forms of traditional alternative investments and therefore plays a very important role in institutional and individual investor’s portfolios. There are a few different types of real estate equity investing methods: direct real estate investment, real estate investment trusts and commingled real estate funds. This thesis will compare public and private real estate equities and evaluate whether it is possible for pubic and private real estates to substitute for one another. In the short-term horizon, public real estate acts more like small cap stocks, while for the long-term horizon, public real estate returns are comparable to those of moderately leveraged private real estates. A mixed-asset portfolio that includes both public and private real estates can enhance risk-adjusted returns compared to portfolios without allocation of real estate assets. |
URI: | http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/43119 |
Fulltext Rights: | 有償授權 |
Appears in Collections: | 管理學院企業管理專班(Global MBA) |
Files in This Item:
File | Size | Format | |
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ntu-98-1.pdf Restricted Access | 1.3 MB | Adobe PDF |
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