目 录

第一章 初识REITs ··········································1

第一节 投资小白如何理财 ···········································2

第二节 REITs是什么 ·················································5

第三节 REITs的分类 ·················································9

第四节 REITs全球发展简史 ········································14

第五节 REITs在中国 ················································22

第二章 为什么建议买REITs ····························27

第一节 公募REITs基金比理财强在哪儿 ·························28

第二节 买股票基金还是公募REITs基金 ·························31

第三节 冉冉升起的REITs和夕阳西下的不动产直投 ··········33

第三章 REITs的风险和收益 ····························43

第一节 什么是投资风险 ·············································45

第二节 买REITs有什么投资风险 ·································47

公募REITs投资入门与实战

XII

第三节 如何应对REITs的投资风险 ······························55

第四节 REITs的主要收益：稳定且丰厚的分红 ·················61

第五节 投资REITs的风险/收益比 ·······························64

第六节 我国公募REITs基金的风险和收益特征 ················69

第四章 怎么选公募REITs基金 ·························75

第一节 常用的投资估值指标 ·······································77

第二节 监管机构如何为投资者把关 ·······························84

第三节 选公募REITs基金就是选发起人 ·························89

第四节 股息率很美妙，IRR更重要 ·······························97

第五节 合理的管理费率：胡萝卜和大棒 ·······················104

第五章 公募REITs基金如何买卖 ·····················111

第一节 投资REITs前的准备：开户 ····························113

第二节 投资REITs的渠道：场内和场外 ·······················117

第三节 投资REITs的方式：一级市场认购和二级市场交易···119

第六章 投资公募REITs基金前需要考虑的因素 ····131

第一节 公募REITs基金适合我吗 ·······························132

第二节 买多少合适 ·················································139

第三节 买了以后持有多久 ········································142

第四节 什么时候是买/卖的最佳时机 ··························147

第五节 高净值客户投资前考虑的要素 ··························152

XIII

第七章 REITs的配置价值 ······························155

第一节 营养最丰富、搭配最均衡的投资大餐 ························156

第二节 REITs优化投资组合的实证研究 ·······················159

第八章 REITs未来展望 ·································163

第一节 全球REITs发展的经验 ··································165

第二节 我国REITs未来展望 ·····································167

附录 ···························································179

基金投资者风险评测问卷 ···········································180

监管机构对公募REITs基金项目的要求 ··························184

REITs常见专业名词 ·················································189