Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes
Purpose - The analysis of the South Africa property sector to provide an effective inflation hedge has not been researched to the same extent as other more developed countries. In addition, the South African property sector has been excluded from international studies owing to its underdevelopment a...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Finance and Tax
2016
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613237389819904 |
|---|---|
| access_status_str | Open Access |
| author | Erasmus, Warren |
| author2 | Correia, Carlos |
| author_browse | Correia, Carlos Erasmus, Warren |
| author_facet | Correia, Carlos Erasmus, Warren |
| author_sort | Erasmus, Warren |
| collection | Thesis |
| description | Purpose - The analysis of the South Africa property sector to provide an effective inflation hedge has not been researched to the same extent as other more developed countries. In addition, the South African property sector has been excluded from international studies owing to its underdevelopment and inconsistent legislative environment. However, post 2013 the new SA REIT legislation was promulgated putting it on par with its international counterparts. In addition from 2012-2013 the market capitalisation of the sector doubled. The study reviews inflation's relationship with direct and indirect property, and the study compares this relationship to other asset classes available to investors. It further reviews the difference between inflation hedging versus inflation protection, using different measures of inflation hedging and also reviews the various component parts of inflation being expected versus unexpected inflation. Design/methodology/approach - The methodology in this study is adopted from the extensive research previously applied to other more developed markets. Additionally, technical and fundamental analysis of returns, correlations, risks and returns were applied. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/20040 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:57.328Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2016 |
| publishDateRange | 2016 |
| publishDateSort | 2016 |
| publisher | Department of Finance and Tax |
| publisherStr | Department of Finance and Tax |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/20040 Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes Erasmus, Warren Correia, Carlos Financial and Risk Management Purpose - The analysis of the South Africa property sector to provide an effective inflation hedge has not been researched to the same extent as other more developed countries. In addition, the South African property sector has been excluded from international studies owing to its underdevelopment and inconsistent legislative environment. However, post 2013 the new SA REIT legislation was promulgated putting it on par with its international counterparts. In addition from 2012-2013 the market capitalisation of the sector doubled. The study reviews inflation's relationship with direct and indirect property, and the study compares this relationship to other asset classes available to investors. It further reviews the difference between inflation hedging versus inflation protection, using different measures of inflation hedging and also reviews the various component parts of inflation being expected versus unexpected inflation. Design/methodology/approach - The methodology in this study is adopted from the extensive research previously applied to other more developed markets. Additionally, technical and fundamental analysis of returns, correlations, risks and returns were applied. 2016-06-17T06:31:23Z 2016-06-17T06:31:23Z 2015 Master Thesis Masters MCom http://hdl.handle.net/11427/20040 eng application/pdf Department of Finance and Tax Faculty of Commerce University of Cape Town |
| spellingShingle | Financial and Risk Management Erasmus, Warren Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes |
| thesis_degree_str | Master's |
| title | Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes |
| title_full | Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes |
| title_fullStr | Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes |
| title_full_unstemmed | Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes |
| title_short | Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes |
| title_sort | analysis of south african listed real estate to serve as an inflation hedge versus other asset classes |
| topic | Financial and Risk Management |
| url | http://hdl.handle.net/11427/20040 |
| work_keys_str_mv | AT erasmuswarren analysisofsouthafricanlistedrealestatetoserveasaninflationhedgeversusotherassetclasses |