Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221454
Title: ENHANCED REIT ETF FOR THE ASIA PACIFIC EX JAPAN MARKET
Authors: LOH JIANGHAN
Keywords: Real Estate
RE
Ong Seow Eng
2016/2017 RE
Asia Pacific
Asia Pacific ex Japan
ETF
Exchange-Traded Fund
REITs
REIT ETF
Real Estate Investment Trust
Rebalancing
Issue Date: 19-May-2017
Citation: LOH JIANGHAN (2017-05-19). ENHANCED REIT ETF FOR THE ASIA PACIFIC EX JAPAN MARKET. ScholarBank@NUS Repository.
Abstract: This study investigates how the returns of the Phillip SGX APAC Dividend Leaders REIT ETF can be enhanced. To do so, three scenarios are investigated, namely quarterly rebalancing instead of semi-annually, rebalancing on the review date instead of the fourth Monday of that month, and setting a minimum constituent weighting of 1.50%. The study found that all 3 methods delivered superior returns as compared to the existing Phillip SGX APAC Dividend Leaders REIT ETF. This is attributable to the ETF being more responsive to the market in the first two scenarios, and larger REITs being able to deliver greater returns than small constituent REITs. With this finding, an enhanced REIT ETF that is essentially an amalgamation of all three scenarios was constructed. The enhanced REIT ETF was able to surpass the existing REIT ETF and all the 3 reconstructed ones and the base REIT ETF during various market conditions. Thus, the enhanced REIT ETF is more optimal for investors and can be expected to deliver a lower degree of tracking error.
URI: https://scholarbank.nus.edu.sg/handle/10635/221454
Appears in Collections:Bachelor's Theses

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