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Paper eres2012_023:
Evaluating REIT exchange traded funds

id eres2012_023
authors Seow Eng Ong and Cheng Xiang Wong
year 2012
title Evaluating REIT exchange traded funds
source 19th Annual European Real Estate Society Conference in Edinburgh, Scotland
summary Since the inception of the first ETF - a broad-based domestic equity fund tracking the S&P 500 in 1993, Exchange Traded Funds (ETFs) have grown in acceptance and coverage. This paper examines the performance of REIT ETFs in terms of tracking the respective benchmarks and the effect of including REIT ETFs in a mixed asset portfolio. Our research shows that classical ETFs have high correlations with the NAREIT index and tend to provide better tracking while non-classical ETFs have higher tracking errors and deviation from net asset values. We also find that the allocation to REIT ETFs is significant when constructing efficient portfolios.
series ERES:conference
type normal paper
email seong@nus.edu.sg
discussion No discussions. Post discussion ...
ratings Ratings: 5 5
session Parallel Session F2
last changed 2014/10/21 21:51
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