Análise do desempenho dos fundos de investimento imobiliários no Brasil com foco na volatilidade
Data
2021-02-26
Autores
Borges, Lucas de Oliveira 
Orientadores
Oliveira Filho, Bolívar Godinho de
Tipo
Trabalho de conclusão de curso
Título da Revista
ISSN da Revista
Título de Volume
Resumo
Os Fundos de Investimento Imobiliário (FIIs) são uma modalidade de investimento que vem ganhando cada vez mais popularidade, além de quantidade de investidores e volume negociado, assumindo valores recordes nos últimos anos, e com todo o crescimento também é possível verificar um aumento do risco/volatilidade desse mercado. O presente trabalho visa avaliar o desempenho dos fundos imobiliários brasileiros entre 2016 e 2020, examinando seu efeito de diversificação frente ao mercado de ações em dados contextos econômicos, e análise do risco-retorno dos segmentos desse mercado pelo Índice de Sharpe, indicando aqueles que se destacaram nos últimos anos. Dentre os destaques, a melhor performance é atribuída ao segmento de Logística, e a pior ao de Lajes Corporativas.
Real Estate Investment Funds (FIIs) are an investment modality that has been gaining more and more popularity, in addition to the number of investors and volume traded, assuming record values in recent years, and with all the growth it is also possible to verify an increase in risk/volatility of that market. The present work aims to evaluate the performance of Brazilian real estate funds between 2016 and 2020, examining their diversification effect in relation to the stock market in given economic contexts, analyzing the risk-return of segments of this market using the Sharpe Ratio, indicating those that stood out in the last years. Among the highlights, the best performance is attributed to the Logistics segment, and the worst the office spaces.
Real Estate Investment Funds (FIIs) are an investment modality that has been gaining more and more popularity, in addition to the number of investors and volume traded, assuming record values in recent years, and with all the growth it is also possible to verify an increase in risk/volatility of that market. The present work aims to evaluate the performance of Brazilian real estate funds between 2016 and 2020, examining their diversification effect in relation to the stock market in given economic contexts, analyzing the risk-return of segments of this market using the Sharpe Ratio, indicating those that stood out in the last years. Among the highlights, the best performance is attributed to the Logistics segment, and the worst the office spaces.