請用此 Handle URI 來引用此文件:
http://tdr.lib.ntu.edu.tw/jspui/handle/123456789/43119
標題: | 不動產基金研究 Real Estate Investments |
作者: | Ju Yin Olive Chang 張如茵 |
指導教授: | 胡星陽(Shing-Yang Hu) |
關鍵字: | 不動產,不動產證券化, Real Estate,Real Estate Investment Trusts,Commingled Funds, |
出版年 : | 2009 |
學位: | 碩士 |
摘要: | 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 |
全文授權: | 有償授權 |
顯示於系所單位: | 管理學院企業管理專班(Global MBA) |
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檔案 | 大小 | 格式 | |
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ntu-98-1.pdf 目前未授權公開取用 | 1.3 MB | Adobe PDF |
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