Are REIT Returns Hedgeable?
Posted: 22 Oct 1998
Abstract
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.
JEL Classification: G13, G23
Suggested Citation: Suggested Citation
Chatrath, Arjun and Liang, Youguo and Seiler, Michael J., Are REIT Returns Hedgeable?. Available at SSRN: https://ssrn.com/abstract=126008
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