Are REIT Returns Hedgeable?

This study examines the ability of existing futures contracts to hedge the returns on real estate investment trusts (REITs). The results from various hedging strategies suggest that existing futures contracts do not provide the means to effectively hedge REIT returns. REITs could remain unhedgeable until futures contracts written specifically on REITs are developed.

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Year of publication:	1998
Authors:	Liang, Yougou ; Seiler, Michael J. ; Chatrath, Arjun
Published in:	Journal of Real Estate Research. - American Real Estate Society. - Vol. 16.1998, 1, p. 87-98
Publisher:	American Real Estate Society

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Notes:	Published
Classification:	L85 - Real Estate Services
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005258559