Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes

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dc.contributor.advisorCorreia, Carlosen_ZA
dc.contributor.authorErasmus, Warrenen_ZA
dc.date.accessioned2016-06-17T06:31:23Z
dc.date.available2016-06-17T06:31:23Z
dc.date.issued2015en_ZA
dc.description.abstractPurpose - 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.en_ZA
dc.identifier.apacitationErasmus, W. (2015). <i>Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax. Retrieved from http://hdl.handle.net/11427/20040en_ZA
dc.identifier.chicagocitationErasmus, Warren. <i>"Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2015. http://hdl.handle.net/11427/20040en_ZA
dc.identifier.citationErasmus, W. 2015. Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Erasmus, Warren AB - 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. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes TI - Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes UR - http://hdl.handle.net/11427/20040 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/20040
dc.identifier.vancouvercitationErasmus W. Analysis of South African listed real estate to serve as an inflation hedge versus other asset classes. [Thesis]. University of Cape Town ,Faculty of Commerce ,Department of Finance and Tax, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/20040en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Finance and Taxen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial and Risk Managementen_ZA
dc.titleAnalysis of South African listed real estate to serve as an inflation hedge versus other asset classesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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