T. BusaranonP. ChintrakarnMahidol University2018-06-112018-06-112012-12-01Research Journal of Business Management. Vol.6, No.4 (2012), 153-15821520437181919322-s2.0-84872172511https://repository.li.mahidol.ac.th/handle/123456789/13873As an early stage of Real Estate Investment Trusts (REITs) in Thailand, this research aimed to look for evidences to support the benefits of using REITs to secure portfolios and hedging strategies against the SET Index (Stock Exchange of Thailand Index). This research employed monthly data of 24 REITs from January 2006 to December 2010. The study concentrates on finding the relationship between REITs with SET index and other seven selective Indexes; exchange rate, leading economic index, economic growth index, business sentiment index, private consumption index and private investment index. The results from using various models find each REITs portfolio has a positive relationship with the SET Index. © 2012 Academic Journals Inc.Mahidol UniversityBusiness, Management and AccountingArticleSCOPUS10.3923/rjbm.2012.153.158