IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2012_023.html
   My bibliography  Save this paper

Evaluating REIT exchange traded funds

Author

Listed:
  • Seow Eng Ong
  • Cheng Xiang Wong

Abstract

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.

Suggested Citation

  • Seow Eng Ong & Cheng Xiang Wong, 2012. "Evaluating REIT exchange traded funds," ERES eres2012_023, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2012_023
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2012-023
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2012_023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.