Sun, Jan. 10, 7:38 AM
- Barron's says Asia "could blindside the world" in 2016.
- China’s already off to a bad start. President Xi Jinping's cautious transition from smokestack industries to a services sector could backfire if protests get out of hand.
- China is also fighting terrorism, playing the victim, but it's not clear Russia and others see it that way.
- Despite promoting fiscal austerity, Japan PM Shinzo Abe is borrowing with abandon. Japan's debt-to-GDP ratio, approaching 250%, could exceed 400% by 2040 without reforms. With few options, Japan’s bond bubble will keep growing until it can't.
- Related: Citigroup And A Hard Landing In China (Jan. 10)
- Related: Insights: China's Market Turbulence (Jan. 10)
- ETFs: FXI, DXJ, EWJ, FAX, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, CYB, HAO, YANG, CNY, TAO, CHIX, CHN, JGBS, PEK, CHIQ, CQQQ, DFJ, MCHI, JGBD, TDF, QQQC, DBJP, NKY, XPP, IFAS, JOF, YAO, EZJ, JEQ, GCH, JPNL, DXJS, EWV, ASHS, YXI, CN, FXCH, ALD, CXSE, FCA, CNXT, CHNA, CHII, CHIE, ECNS, SCJ, EWHS, CHIM, HEWJ, JSC, JPXN, KBA, KFYP, JGBL, FCHI, JPP, JFC, JGBT, FHK, QJPN, FJP, JGBB, JPMV, DXJT, DXJR, DXJC, JHDG, DXJH, AFTY, DXJF, XINA, HGJP, HEGJ, FXJP, JDG, JPN, CHAU, CHAD, ASHX, JPNH
Nov. 6, 2013, 12:22 PM
- Rising interest rates have brought 4 years of easy gains for the REIT market to a halt and have advisers honing their bets. The board NAREIT All Equity REIT Index is up about 8% this year, not just paling in comparison the S&P 500's 24% gain, but REITs had been up 15% early in 2013 before rates started rising.
- On the idea of higher rates hitting relatively-highly levered REITs the most, Andrew Ahrens is looking for REITs with less relative debt on their books. On favorite is the iShares Retail Real Estate Capped ETF (RTL). He's also putting money into foreign-leaning funds such as Cohen & Steers' Global Realty Majors ETF (GRI).
- Cohen & Steers portfolio manager Chip McKinley suggests - unlike the U.S. - overseas REITs are only just now beginning to become popular. U.K. real estate companies are up more than 20% this year; Japan more than 40%. Up and comers include Germany and Australia. "Both markets are home to high-quality developers with attractive portfolios that are priced well-below the value of their underlying properties."
- Paul Curbo - co-manager of the actively-managed PowerShares Active U.S. Real Estate Fuind (PSR) - likes REITs with shorter-term leases as well as retail operators with more flexibility in setting lease rates.
- Global real estate ETFs: WPS, VNQI, RWX, RWO, IFAS, DRW, IFGL, GRI, FFR, IFEU, RWXL, IFNA.
- Broad U.S. real estate ETFs: IYR, VNQ, DRN, URE, SRS, RWR, ICF, SCHH, DRV, KBWY, REK, FRI, FTY, PSR, WREI.
Jan. 1, 2013, 1:40 PM
For real-estate investors, the homebuilders ETF (XHB +55.6%) was the place to be in 2012. Retail (RTL +21.2%) outperformed residential (REZ +9.6%) and industrial (FIO -5.2%). Regionally, Asia real-estate (IFAS +39.4%) topped the list, followed by Europe (IFEU +24.5%) and the U.S. (RWR +13.3%). Full real-estate tables here.| Jan. 1, 2013, 1:40 PM
Apr. 1, 2011, 8:50 AM
Expecting mortgage rates to quadruple to 4% by the end of 2012 (4% is a quadruple!!!), analysts at Barclays call for a 30% fall in Hong Kong property prices in 2012-13. Banks have already started to increase rates, even as the central bank's rate (tied to the Fed) has not budged.| Apr. 1, 2011, 8:50 AM
Mar. 24, 2011, 8:01 AM