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Commercial Real Estate Derivatives: The End or the Beginning?

Tunaru, Radu, Fabozzi, Frank J. (2017) Commercial Real Estate Derivatives: The End or the Beginning? The Journal of Portfolio Management, 43 (6). pp. 179-186. ISSN 0095-4918. (doi:10.3905/jpm.2017.43.6.179) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:63806)

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https://doi.org/10.3905/jpm.2017.43.6.179

Abstract

In this article, the authors argue that the development of commercial real estate derivatives is not at a dead end but rather in a starting phase marked by the ambitious introduction of futures contracts to the IPD index, which covers the U.K. commercial real estate sector, on EUREX. The authors believe that the introduction of futures in this asset class will also open new opportunities for more advanced derivatives to be traded on EUREX over-the-counter or further down the line. They highlight the importance of forward IPD curves in designing strategies that will trade not only the level of the commercial real estate prices but also the shape of this curve.

Item Type: Article
DOI/Identification number: 10.3905/jpm.2017.43.6.179
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Depositing User: Radu Tunaru
Date Deposited: 05 Oct 2017 10:26 UTC
Last Modified: 07 Oct 2021 13:39 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/63806 (The current URI for this page, for reference purposes)
Tunaru, Radu: https://orcid.org/0000-0002-5623-9876
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