Fundos imobiliários (FIIs) no Brasil : Uma alternativa fácil, prática e rentável para o investimento no mercado imobiliário

Abstract

Given the modernization and democratization of the national financial system, the investment sector began to receive millions of individual investors from 2019 onwards. New investment products were created and others became more popular, such as real estate funds (FIIs). Therefore, this research aims to create a fundamental portfolio of FIIs, comparing its performance with the profitability of investment in the traditional real estate market and with the FII market in the period from September 2019 to August 2023. To this end, they were selected from the website of Brasil, Bolsa, Balcão (B3) all FIIs traded on the spot market. After that, the paper funds were removed, leaving 294 FIIs. Finally, after analyzing the fundamentals, 19 assets remained to make up the portfolio. The results of the comparison between investment alternatives indicate that the best option for capital exposure in the real estate market is investment through a fundamental FIIs portfolio, as it presents the highest average return, lower risk than IFIX and greater ease and practicality than investing in traditional real estate.