鄭同學(xué)
2020-08-14 13:30老師你好，我再官方的題庫里做了一個(gè)關(guān)于GIPS Real estate的題目，這里面說的是這三種哪種是屬于GIPS要求的real estate的范圍，我選擇的是REITS，我們的教材確實(shí)是講了只有Reits才算，但是答案并不是這個(gè)，答案認(rèn)為partially owned property才是，我覺額這個(gè)不對(duì)吧。
所屬：CFA Level III > Ethical and Professional Standards 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個(gè)回答
Chris Lan助教
2020-08-14 18:10
該回答已被題主采納
同學(xué)你好
你可以看一下原版書中的這一段。
Real estate and private equity investments can be structured in many different ways. The GIPS standards specify the types of investments that are not considered real estate. Publicly traded real estate securities (such as real estate investment trusts, or REITs) and mortgage-backed securities are subject to the general provisions rather than to the real estate provisions of the GIPS standards. Also excluded from the real estate provisions are private debt investments, including commercial and residential loans, where the expected return is solely related to contractual interest rates without any participation in the economic performance of the underlying real estate.
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追答
The GIPS Glossary complements this definition by listing the types of investments that are considered real estate, namely, investments in wholly or partially owned properties; commingled funds, property unit trusts, and insurance company separate accounts; unlisted, private placement securities issued by private real estate investment trusts (REITs) and real estate operating companies (REOCs); and equity-oriented debt (e.g., participating mortgage loans) or any private interest in a property where some portion of return to the investor at the time of investment is related to the performance of the underlying real estate.
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追答
備注：V1 P349頁
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