Ottonello, GiorgioStaubert, Pauline Tsambika2024-04-242024-04-242023-01-132022-12-16http://hdl.handle.net/10362/166578Rising inflation rates threaten the purchasing power of investors' assets. Therefore, finding ways to hedge this economic risk would be favorable. This thesis investigates the inflation hedging capabilities of four traditional asset classes with an analysis mainly based on the Fisher Hypothesis (1930). Its results show that the inflation hedging efficiency is heterogeneous across the considered assets. While REITs and the S&P 500 act as perverse inflation hedges in the short term, they show some hedging capability over a long period. Gold and the GSCI, however, are proven unsuitable to be declared as inflation hedges.engInflation-hedgingFinancial marketsInvestingTraditional asset classesmaster thesis203363540