ANALYSIS OF STYLE REAL ESTATE FUNDS IN BRAZIL FROM PERIOD 2011 TO 2015
DOI:
https://doi.org/10.11606/rco.v9i23.83452Keywords:
Real State Funds, Bond Market, Stock Market and Style Analysis.Abstract
This work aims to investigate the return of Real State Investment Trusts (REITs) in order to identify your style and consequently its behavior toward rates of the Brazilian financial market in the fixed income segment , equities and real estate segment for the period 2011 to 2015. the study concluded that even if the real estate fund is of course backed by a real asset , considered as a safe asset and low volatility , it was found that the dynamics inherent to price changes and risks associated with FIIs , there is a character hybrid of these funds with respect to the fixed and variable income market. The results showed that the returns of FIIs accompany more pronounced the fixed interest and returns the property market , confirming the international empirical results Niskanen and Falkenbach (2010 ) and Ghosh , Miles and Sirmans (1996).
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