Seeking Alpha

iShares Residential Real Estate Capped ETF (REZ)

  • Oct. 26, 2012, 3:59 PM
    Add Anworth Mortgage (ANH) to those mREITs planning on decreasing leverage as the Fed bids up the prices of MBS. CEO Joe McAdams says he plans on selling high those assets most vulnerable should the Fed "hint" at an end to QE. The move may mean a continuation of the $0.15 dividend for awhile longer even as rate spreads continue to narrow. The flip side, of course, may be a reduction in the current $7.45 book value. (PR)
    | Oct. 26, 2012, 3:59 PM | Comment!
REZ Description
The iShares FTSE NAREIT Residential Plus Capped Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE NAREIT All Residential Capped Index.
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