Among the Global Sector Exchange-traded funds or ETFs and actively managed funds, the global real estate sector remain on a tear. (EPFR) reports that they recorded their sixth straight week of inflows as year-to-date inflows climbed towards $6 billion. The sector is benefiting from a broad re-rating of its prospects, and funds are actively raising fresh capital to expand their real estate portfolios in Asia and Europe, as investors chase the dividends and perceived value offered by the Real Estate Investment Trusts (REITS) that these funds primarily invest in.
The new International Real Estate ETF has been one of our most viewed posts so here is a little more on SPDR DJ Wilshire International Real Estate ETF (RWX). This ETFs objective is to closely match the returns and characteristics of the total return performance of the Dow Jones Wilshire Ex-US Real Estate Securities Index (ticker: DWXRS), an equity index based upon the global (ex-US) real estate market.
The top five country weightings are Australia 19.97%, United Kingdom 19.01%, Japan, 17.93%, Hong Kong 8.03%, Canada 7.02%.
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