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Performance of Property Unit Trusts and Property Loan Stocks



Год выпуска: 2010
Автор: Charles Nsibande
Издательство: LAP Lambert Academic Publishing
Страниц: 100
ISBN: 9783838391199
Описание
The book compares the performance of Property Investment Trusts and Property Loan Stock companies which have similar investment instruments but have different restrictions on borrowing. This book is highly relevant in understanding the properties of risk versus return when you considering different debt structures of Property Investments Trusts. The book also applied Value at Risks concepts in the analysis of the data. The study population in the book was based on the Property Unit Trusts and Property Loan Stock companies listed on the JSE Securities Exchange over the period 1990 to 2004. The returns were measured and both nominal and risk-adjusted returns (using Sharpe measure) were subjected to the NCSS statistical program analysis to determine whether there were significant differences in the returns. The Value at Risk analysis clearly indicates that Property Unit Trusts, with low gearing, have better risk-sharing characteristics than Property Loan Stock...


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Людмила, 11.02
Вам огромное спасибо за все!!!! :))) Всем Вас буду советовать в дальнейшем!!! Еще раз большое спасибо!!