Title: Inflation hedging abilities of indirect real estate investments in Switzerland
Authors : Hofmann, Roland
Mathis, Tobias
Published in : Alternative investment analyst review
Volume(Issue) : 5
Issue : 1
Pages : 11
Pages to: 19
Publisher / Ed. Institution : CAIA Association
Issue Date: 2016
License (according to publishing contract) : Licence according to publishing contract
Language : English
Subjects : Real Estate; Inflation; Switzerland
Subject (DDC) : 332.6: Investment
Abstract: This paper examines the inflation hedging abilities of Swiss indirect real estate investments. It considers only investment solutions that are suitable and appropriate for individual investors and therefore offers insights into how real estate protects private investors against inflation. We apply a modified version of the Fama and Schwert approach to explore the hedging abilities. The study concludes that indirect real estate investments in portfolios of individual investors in Switzerland do not provide inflation hedging abilities as it already was suggested by previous research. The results could be affected due to the abnormal market conditions during the sample period.
Departement: School of Management and Law
Organisational Unit: Institute of Wealth & Asset Management (IWA)
Publication type: Contribution to Magazine or Newspaper
URI: https://digitalcollection.zhaw.ch/handle/11475/9776
Appears in Collections:Publikationen School of Management and Law

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