The historical long-term volatility and return on investment in single-family dwellings was investigated and compared with investments in equity, bonds and T-bill markets. Total return index for equity and fixed-income security indices were obtained from available sources, of course, a proper index for measurement of long-term changes in house prices was unavailable. In an effort to measure the house price changes, a relatively homogeneous pool of houses in the downtown Toronto area was selected and its price tracked over the study period of 44 years. Inflation rate affects the return of investments in everything similarly therefore this was not considered in the calculations. Results of comparing the investment of cash in one's family home versus in other investment vehicles showed that the ratio of investment growth to its volatility for a single-family house exceeded the ratios for other investments by a large margin.

The historical long-term volatility and return on investment in single-family dwellings was investigated and compared with investments in equity, bonds and T-bill markets. Total return index for equity and fixed-income security indices were obtained from available sources, of course, a proper index for measurement of long-term changes in house prices was unavailable. In an effort to measure the house price changes, a relatively homogeneous pool of houses in the downtown Toronto area was selected and its price tracked over the study period of 44 years. Inflation rate affects the return of investments in everything similarly therefore this was not considered in the calculations. Results of comparing the investment of cash in one's family home versus in other investment vehicles showed that the ratio of investment growth to its volatility for a single-family house exceeded the ratios for other investments by a large margin.

An investment vehicle that holds listed real estate securities that focus on residential properties globally, is currently not available. The study’s purpose is to determine the feasibility of such a product, its potential advantages and disadvantages. This thesis applied a qualitative research method by conducting semi-structured interviews with professional fund managers in Sweden and Germany that manage real estate funds. The literature review and theory consist of fundamentals and academics in real estate investing, investment vehicles, portfolio theory and lastly investor types and their behaviour. The authors conclude that the majority of experts interviewed considered the proposed vehicle as interesting but lifted concerns that need to be addressed in further research. The political risk, especially on a global scale, was stated as the major risk. Furthermore, experts have divided opinions regarding the maturity for listed real estate companies on the financial markets. What type of investment vehicle that would be the most suitable will depend on investment tactic, investors and the current status of the global economy and the financial markets. The overall investigations result is that experts view the proposed idea as positive and feasible. It poses a good foundation for further research and might find its place in the sphere of real estate investments. / En investeringsform som innehåller noterade fastighetsaktier globalt, där bolagen är fokuserade på hyresfastigheter, är förnärvarande inte tillgängligt på marknaden. Uppsatsens syfte är att avgöra om en sådan inveteringsform är genomförbar samt undersöka dess fördelar och nackdelar. Denna uppsats har applicerat en kvalitativ metod genom semi-strukturerade intevjuer med profesionalla fondförvaltare som förvaltar fastighetsaktiefonder i Sverige och Tyskland. Litteraturstudien och teorin innehåller akademisk forskning och fundamentala teorier inom fastighetsinvesteringar, investeringsstrukturer, portfölj teori och till sist investeraryper och dess beteende. Författarna konstaterar att majoriteten av experterna ansåg att den förslagna investeringsformen är intressant, men belyste också svårigheter och risker som bör adresseras i forstsatt forsking på ämnet. Den politiska risken, speciellt på ett globalt plan, ansågs vara den största risken. Experterna hade delade åsikter angående mognaden för globala fastighetsaktier på de finansiella marknaderna. Vilken investeringsstruktur som är bäst tillämpar beror enligt experterna på investeringstaktik, investerarna och det nuvarande klimatet i världsekonomin och på de finansiella marknaderna. Studien resulterade i att experterna ser på den försglagna investersformen positivt och som genomförbar. Förslaget innehar en godgrund för fortsatt forskning och kan i framtiden hitta sin plats i sfären av fastighetsinvesteringar.