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Paper eres2004_189:
The Dynamics and Performance of Listed Property Trust Futures

id eres2004_189
authors Newell, Graeme; Tan Yen Keng
year 2004
title The Dynamics and Performance of Listed Property Trust Futures
source 11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
summary Listed property trusts (LPTs) have been a successful indirect property investment vehicle in Australia. At April 2004, the LPT sector had total assets of over $80 billion1 and accounted for over $54 billion in market capitalisation, being the third largest stockmarket sector and representing over 8% of total Australian stockmarket capitalisation (UBS Warburg, 2004). LPTs account for approximately 8% of institutional asset allocations, have approximately 70% of institutional ownership and have a high level of liquidity, with an annual LPT turnover of over $40 billion in 2003 (UBS Warburg, 2004).
keywords LPTs; LPT futures; risk management; hedging; investment dynamics; performance analysis; scenario analysis
series ERES:conference
email g.newell@uws.edu.au
discussion No discussions. Post discussion ...
ratings
session Securitized Real Estate and Derivatives
last changed 2008/12/21 10:41
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