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Domestic Bias Vs Foreign Bias? Evidence From Reits

Author

Listed:
  • Omokolade Akinsomi
  • Mabuse Moja
  • Frank Ametefe
  • Yasushi Asami

Abstract

This paper examines the performance of domestic-bias and foreign-bias REITs in South Africa. For instance, in South Africa, recently, REITs management has made investment decisions to invest outside the shores of South Africa to optimize returns. We, therefore, examine the monthly returns of South African REITs from 2013 to 2021 and construct equal-weighted and value-weighted indexes for domestic domiciled REITs and REITs that invest in properties outside of South Africa. We compared the indexes of these portfolios to determine the impact of foreign investment by South African REITs. Our findings would assist investors and fund managers make beer-informed decisions in the area of portfolio selection and management.

Suggested Citation

  • Omokolade Akinsomi & Mabuse Moja & Frank Ametefe & Yasushi Asami, 2022. "Domestic Bias Vs Foreign Bias? Evidence From Reits," AfRES 2022-002, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:2022-002
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    More about this item

    Keywords

    Diversification; Real Estate Investment Trust; South Africa; Offshore Investments;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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