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dc.contributor.authorNopphon Tangjitprom
dc.contributor.authorPreechaya Chavalittumrong
dc.contributor.authorVeeranuch Leelalai
dc.contributor.otherAssumption University. Martin de Tours School of Management and Economics
dc.date.accessioned2017-09-14T05:29:47Z
dc.date.available2017-09-14T05:29:47Z
dc.date.issued2016
dc.identifier.citationAU Journal of Management 14, 2 (July-December 2016), 26-33en_US
dc.identifier.issn1686-0039
dc.identifier.urihttp://repository.au.edu/handle/6623004553/19842
dc.descriptionIn English ; only abstract in English.en_US
dc.description.abstractThe real estate investment has been an alternative investment as a diversifier for traditional investment like the stock market. Previous studies have shown the diversification benefits of real estate investment for stock portfolios. This paper aims to examine whether and to what extent real estate funds can provide diversification benefits to investors. The information of stock returns and real estate funds in Thailand was gathered for the period during 2007 and 2015. The results show that there is no diversification benefit in terms of hedge or safe haven from real estate funds in Thailand. However, the average beta of real estate funds is relatively low and the risk-return performance of real estate funds remains attractive to be included in the portfolio.en_US
dc.format.extent8 pagesen_US
dc.format.mimetypeapplication/pdfen_US
dc.language.isoengen_US
dc.publisherAssumption Universityen_US
dc.rightsThis work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.en_US
dc.subjectDiversificationen_US
dc.subjectReal estate investmenten_US
dc.subjectAlternative investmenten_US
dc.subjectSafe havenen_US
dc.subjectProperty funden_US
dc.titleDoes real estate fund in Thailand provide diversification benefits for stock investment?en_US
dc.typeTexten_US
mods.genreJournal Articleen_US
au.link.externalLink[Full Text] (http://www.aujm.au.edu/index.php/AUJM/article/view/358/228)


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