-By Rohaya Abdul Jalil, Hishamuddin Mohd Ali, Najib Razali and Janice Lee Mei Yim Abstract The aim of this paper is to investigate the impact of Real Estate Investment Trusts (REITs) on portfolio Keywords: REITs, efficient frontier, risk, return, performance 01_OPTIMAL PORTFOLIO ALLOCATION OF MALAYSIAN REAL ESTATE INVESTMENT TRUSTS DURING ECONOMIC DOWNTURN |
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-By Aminah Mohsin, Mohammad Tahir Sabit Hj Mohammad Abstract It is often said that waqf is asset rich but cash poor. Hence, this paper aims to look at the effectiveness of saham Keywords: Saham Waqf, effectiveness, funds, liquid fund 02_THE EFFECTIVENESS OF SAHAM WAQF ON ADEQUACY OF FUNDS FOR DEVELOPMENT PROJECTS IN MALAYSIA |
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-By Rohaya Abdul Jalil and Maizan Baba Abstract The establishment of Malaysian real estate investment trusts (M_REITs) through introduction of Malaysian REITs Guideline in 2005 has adopted the REITs practices in counterparts with few modifications that tailor to the local need. However, the aspect of M-REITs’ management advisory style has not been mentioned clearly. This study is appraising the M-REITs’ management advisory style by overview the United State (US) REITs experiences. A content analysis of previous literature on US REITs, Malaysian REITs Guidelines and M-REITs’ annual report was conducted to review the practices of M-REITs’ management advisory style. This study reveals that understanding of external and internal advisory management in Malaysia was different. Malaysian REITs appointed an external advisory manager company which was established by the REITs themselves. The REITs hold a significance amount of share in this external advisory managing company. The role to determine the new acquisition and plan for expansion remained in the REIT firm. This preliminary study is essential to stimulates further attention on M-REITs management advisory style since US literature suggest advisory influence firm value, debt financing and profit maximization. Keyword: REITs, management advisory style, property portfolio, decision making |