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A specialised volatility index for the new GICS sector: real estate

Mi, Lin; Benson, Karen; Faff, Robert W. - In: Economic modelling 70 (2018), pp. 438-446

Persistent link: https://www.econbiz.de/10012027965

Analyzing the Changing Risk and Return Structure of German Open-Ended Funds Using Semivariance Based Performance Measures

Thomas, Matthias - 2010

Purpose: The purpose of this paper is to examine the changing risk structure of German open-end funds using semi variance based performance measures. Design/methodology: The analysis focuses on an appropriate benchmark and compares classical performance measures with LPM based measures....

Persistent link: https://www.econbiz.de/10013148278

Diversification Benefits of Real Estate Investment Trusts in Dubai

Di Nardo, Danny - 2009

This paper examines whether unleveraged REITs in Dubai help optimize the risk/return characteristics of a mixed asset … of REITs operating in a zero-tax environment within the Modigliani and Miller (1958) framework. The empirical results … confirms that investment in real estate via Dubai REITs would have substantially improved the performance of a mixed asset …

Persistent link: https://www.econbiz.de/10013157191

Institutional Real Estate Funds : Retail Beats Office and German Focus Beats European Focus

Piazolo, Daniel - 2013

German open-ended real estate funds have net asset values that sum up to €120 bln invested in Germany and abroad. To increase transparency in this dominant investment sector within Germany, IPD has extended the available performance fund indices and now publishes a fund indicator covering the...

Persistent link: https://www.econbiz.de/10013088704

Green Performs Better : Energy Efficiency and Financial Return on Buildings

Cajias, Marcelo - 2013

The purpose of this paper is to investigate the effect of energy consumption on the financial performance of German residential buildings in a large panel framework. The authors provide evidence that energy efficiency in the residential sector is a relevant factor affecting both tenant...

Persistent link: https://www.econbiz.de/10013072196

The Information Content of Funds From Operation and Net Income in Real Estate Investment Trusts

Cho, Hoon - 2019

REITs of different sizes. FFO does not provide useful information to investors in the case of large REITs. Finally, we show … that gain or loss from sales of property is relevant for valuing large REITs …

Persistent link: https://www.econbiz.de/10012893370

German Real Estate Returns in International Comparision

Piazolo, Daniel - 2012

Real estate investments have become international. Therefore also the returns have to be judged in an international comparative context. The question arises whether the returns of the German real estate market have justified the investments by domestic and foreign investors? The answer is: Yes...

Persistent link: https://www.econbiz.de/10013112077

An Overview of Equity Real Estate Investment Trusts (REITs) : 1993-2009

Feng, Zhilan - 2011

This study documents the publicly traded equity Real Estate Investment Trust (REIT) universe during the modern REIT era (early 1990s through the present). We show the growth and consolidation of the industry, changes in property type focus, increases in institutional ownership, and the growth of...

Persistent link: https://www.econbiz.de/10013131321

What does Vietnam gain when its currency depreciates?

Nguyen Thi Thanh Binh - In: Economies : open access journal 9 (2021) 4, pp. 1-11

The study investigates how the depreciation of the Vietnam dong (VND) against the US dollar (USD) affected export turnover and the stock market in Vietnam during the period from 2000 to 2020. A Markov triple regime-switching model is developed for time-series data involving multistructural...

Persistent link: https://www.econbiz.de/10012800059

Ongoing Catch-Up Potential for German Real Estate Returns

Piazolo, Daniel - 2017

Germany has attracted substantial real estate investments from abroad within the last years. Furthermore, German investors have also invested again a higher percentage of their capital earmarked for real estate at home. Therefore it has to be examined whether the German real estate returns have...

Persistent link: https://www.econbiz.de/10012962110