Investment Attractiveness of Closed-end Real Estate Investment Funds in Russia: Factor Score Evaluation
- DOI
- 10.2991/emcs-16.2016.221How to use a DOI?
- Keywords
- Closed-end investment fund; Investment attractiveness; Real estate market; Asset management company; Asset portfolio
- Abstract
Closed-end real estate investment fund is currently one of the most popular instruments of collective investments in Russia. In this article, we have designed a factor score method to evaluate the investment attractiveness of closed-end real estate investment funds as the objective of the research. The method differs from others in three elements of attractiveness evaluation: the real estate market, asset management company, and asset portfolio. We suggest evaluating each element by the appropriate factors. In the research, all the factors are grouped and systemized as variable-based and attribute-based factors in the three elements of investment attractiveness. The evaluation is based on the expert scores and factor criteria. Results of the research show the differences between preferences of conservative, moderate and aggressive investors when they invest in closed-end investment fund. The desighed method serves for different types of investors to express their attitude to a specific real estate closed-end fund.
- Copyright
- © 2016, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Irine S. Antonova AU - Olesya A. Negodina AU - Katrine S. Koptelova AU - Lubov Yu. Spitsina AU - Svetlana N. Popova AU - Danil D. Vavilov PY - 2016/01 DA - 2016/01 TI - Investment Attractiveness of Closed-end Real Estate Investment Funds in Russia: Factor Score Evaluation BT - Proceedings of the 2016 International Conference on Education, Management, Computer and Society PB - Atlantis Press SP - 904 EP - 907 SN - 2352-538X UR - https://doi.org/10.2991/emcs-16.2016.221 DO - 10.2991/emcs-16.2016.221 ID - Antonova2016/01 ER -