Report Journal Technical Analysis

TABLE OF CONTENT EXECUTIVE SUMMARY
This review critically reviews the article ‘A Momentum Trading Effect In Real Estate Funds: An Analysis with TIAA-CREF’ by Greg kuhlemeyer and Robert kunkel which appeared in the Journal Of Technical Analysis. The review will first summarise the article. Secondly, it will briefly analyse the effectiveness of the article’s structure, investigating how the information is set out and whether the reader can access it efficiently. Thirdly, the review will critique the article, evaluating its authority, currency, accuracy, objectivity and coverage. The review will also analyse the graph before finally judging the article’s accessibility and credibility. Overall the article was well written, clear and relevant.
INTRODUCTION OF THE ARTICLES
TITLE : A Momentum Trading Effect in Real Estate Funds: An Analysis with TIAA-
CREF

AUTHORS : Kuhlemeyer, Greg; Kunkel, Robert
Dr. Robert A. Kunkel is a Professor of Finance and the Alberta S. Kimball Endowed Professor at the University of Wisconsin Oshkosh. He teaches classes at the undergraduate and MBA levels and is a leading researcher in his field. His research and consulting interests include commercial banking, investments, market efficiency, and personal finance. Kunkel serves on the editorial boards for Managerial Finance and the Journal of Business and Economic Perspectives. He currently serves on the Oshkosh Area Community Foundation Investment Committee, on the UW System Tax Sheltered Annuity Review Committee, on the Board for the Bethel Foundation of Oshkosh, on the Lutheran Homes of Oshkosh Investment Committee, as the chair of the Asset-Liability Committee (ALCO) for the UW Oshkosh Credit Union, and as the faculty adviser of the UW Oshkosh Finance Club. Kunkel also served as the Chair of the Finance & Business Law Department from 2006 until 2009. He earned his Ph.D. in Finance and M.A. in Economics from The University of Tennessee-Knoxville, his M.B.A. from Western

References: The variables are stated in hypothesis development which it is making comparison between two variables. First variable is momentum trading when investors are invested in real estate funds. A second variable is non-momentum trading when investors are not invested in the real estate funds. d. Data Analysis and Presentation The analysis is based on fund management through TIAA-CREF Variable annuity accounts (Teachers Insurance and Annuity Association- College Retirement Equities Funds) whereas they are non-profit organisation who provides investment and insurance service to people who have worked in field such as education, medicine, cultural and research. The period of data during January 1991 until September 2010. The data is obtained from TIAA-CREF website. The data itself is quantitative in nature. The data was in table which provides summary of accounts for investors retirement. The findings was objectively developed, well supported with a current research base and with all evidence acknowledged and referenced. The article contained the conventional information normally provided in such a study. For example there are sections related to the background and significance of the research, a review of the literature and the methodology as well as the data collection and analysis techniques used. e. Conclusion and Implications The findings and conclusions were developed towards the end of the article however the conclusion was very short, lacking a comprehensive summary of the main points covered by the article. However the short conclusion did develop future policy and research directions. The conclusion is not a summary of the points made but a question defining the overall theme of the article. There is no in-text referencing, but fourteen references are provided in a reference section. The information presented in the article is from a research study. The results are presented in an objective way with all evidence and supporting documentation acknowledged. The authors clearly outline some of the limitations of the research and make reference to alternative points of view, enhancing the objectivity of the article. Although it lacks an accessible structure and is therefore difficult to read, it is well researched and highly credible. The article is based on fact with all stringent research processes and decisions clearly explained. As a result, the information presented in the article is objective. RECOMMENDATION This review summarised and critically reviewed Kuhlemeyer, Greg; Kunkel, Robert article, ‘A Momentum Trading Effect in Real Estate Funds: An Analysis with TIAA-CREF’. The content, structure, strengths and limitations of the article were analysed and critiqued. The article has contributed to the literature in terms of its valuable critique of current research study on Momentum Trading strategies useful to real estate funds investors. Although it lacks an accessible structure and is therefore difficult to read, it is well researched and highly credible. As a recommendation, firstly this review is want to suggest on how the journal can be improved in term of defining the key terms so that the readers can understand the meaning of some term and text easily. Secondly, the sampling are not perform well because they not provide examples into measurement tools.