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https://ptsldigital.ukm.my/jspui/handle/123456789/578886| Title: | A study on the performance and risk diversification benefits of real estate investment trusts in Malaysia |
| Authors: | David Ng Ching Yat Lim Boon Keong (UTM) Lau Teck Chai Yuen Mun Kwun |
| Keywords: | Diversification Market risk Performance ratings Real Estate Investment Trusts Unsystematic risk |
| Issue Date: | Jan-2017 |
| Description: | An evaluation of M-REITs utilizing the Sharpe, Treynor and Jensen measures was conducted from 2007 to 2015 to investigate the risk diversification benefits of REITs. The results indicate that all selected M-REITs outperform the FBM Property Index. The beta values are less than one, implying that M-REITs are less risky than the market. Low R-squared values, however, suggest that M-REITs are poorly diversified showing the potential for diversification opportunities. A portfolio consisting few different M-REITs may result in better performance. The findings of this research can provide a clearer understanding of REITs performance to portfolio managers and investors. |
| News Source: | Pertanika Journals |
| ISSN: | 0128-7702 |
| Volume: | 25 |
| Pages: | 265-276 |
| Publisher: | Universiti Putra Malaysia Press |
| Appears in Collections: | Journal Content Pages/ Kandungan Halaman Jurnal |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| ukmvital_116303+Source01+Source010.PDF | 301.11 kB | Adobe PDF |  View/Open |
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