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Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/578886
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dc.contributor.authorDavid Ng Ching Yat
dc.contributor.authorLim Boon Keong (UTM)
dc.contributor.authorLau Teck Chai
dc.contributor.authorYuen Mun Kwun
dc.date.accessioned2023-11-06T03:09:43Z-
dc.date.available2023-11-06T03:09:43Z-
dc.date.issued2017-01
dc.identifier.issn0128-7702
dc.identifier.otherukmvital:116303
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/578886-
dc.descriptionAn 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.
dc.language.isoen
dc.publisherUniversiti Putra Malaysia Press
dc.relation.haspartPertanika Journals
dc.relation.urihttp://www.pertanika.upm.edu.my/regular_issues.php?jtype=3&journal=JSSH-25-S-1
dc.rightsUKM
dc.subjectDiversification
dc.subjectMarket risk
dc.subjectPerformance ratings
dc.subjectReal Estate Investment Trusts
dc.subjectUnsystematic risk
dc.titleA study on the performance and risk diversification benefits of real estate investment trusts in Malaysia
dc.typeJournal Article
dc.format.volume25
dc.format.pages265-276
dc.format.issueSpecial Issue
Appears in Collections:Journal Content Pages/ Kandungan Halaman Jurnal

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