GAYRİMENKUL YATIRIM FONLARI ve GELİŞİMLERİNE YÖNELİK ÖNERİLER

Kaya, Omur; Akbalik, Murat

doi:10.26468/trakyasobed.915085

Cited by 1 publication

(1 citation statement)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…One of these sectors is the real estate sector (Gunes and Tanrıvermis, 2020). Real estate is used as the most typical wealth saving tool and as of the end of 2017, the total value of real estate in the world has an economic size of approximately 3.5 times the global gross product (Kaya and Akbalık, 2021). This is an indication that real estate will continue to be used as the most popular investment tool.…”

Section: Introductionmentioning

confidence: 99%

PORTFOLIO PERFORMANCE ANALYSIS of REAL ESTATE INVESTMENT FUNDS: A STUDY on REAL

Özyeşil¹

2022

ijoess

View full text Add to dashboard Cite

Real estate investment funds (REIF) took their place in the Turkish capital market with the communiqué of the Capital Markets Board CMB dated 03.01.2014. REIFs are institutions that bring together the construction industry in Turkey with corporate finance. The first fund in Turkey was established in 2016 and currently 80 funds are managed by 21 fund management companies. The aim of this study is to examine the financial and operational performances of real estate investment funds, which are expected to contribute to the institutionalization and acceleration of real estate investments and the elimination of financial problems such as the middle income trap in the sector. In this study, whether these funds can provide the expected contributions, fund development processes, investment strategies, structural problems in the sector, legal regulations, sectoral expectations and portfolio performance are analyzed as a whole. Due to limited number of the listed REIFs in Borsa İstanbul sample size is relative small with 6 observations. After providing all current statistics regarding REIFs stiuations in Turkey, portfolio performance is measured by Sharpe and Treynor ratios. In order to find out relative portfolio performance, indicators of listed REIFs are compared with returns of the Bist-100 national stock index and REIT index which are used as benchmark indicator. According to results of the analysis, it has been found out that most of funds provided better performance than Bist-100 national stock index and REIT Index. Based on the findings obtained in this study, it is strictly recommended that legal regulations should be implemented as soon as possible to increase REIF's profitability and operational efficiency and make them sustainable.

show abstract

Section: Introductionmentioning

confidence: 99%

PORTFOLIO PERFORMANCE ANALYSIS of REAL ESTATE INVESTMENT FUNDS: A STUDY on REAL

Özyeşil¹

2022

ijoess

View full text Add to dashboard Cite

show abstract

GAYRİMENKUL YATIRIM FONLARI ve GELİŞİMLERİNE YÖNELİK ÖNERİLER

Cited by 1 publication

References 6 publications

PORTFOLIO PERFORMANCE ANALYSIS of REAL ESTATE INVESTMENT FUNDS: A STUDY on REAL

PORTFOLIO PERFORMANCE ANALYSIS of REAL ESTATE INVESTMENT FUNDS: A STUDY on REAL

Contact Info

Product

Resources

About