The SPDR® Dow Jones International Real Estate ETF before expenses, seeks to closely match the returns and characteristics of the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities IndexSM, an equity index based upon the global (ex-US) real estate market. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Thursday, January 24, 10:48 AM
Performance of U.S. REITs (IYR, VNQ) has been good, but international REITs like RWX have done even better while sporting higher yields. Greater alpha is nice on the way up, but don't think tighter Fed policy won't hit international REITs even harder than domestic ones, says Stephen Cucchiaro. A compromise might be RWO, which splits its portfolio between the U.S. and overseas.
Comment![Global & FX]
Wednesday, January 9, 10:50 AM
International allocations are sharply higher at Windhaven Asset Management - an arm of Schwab and the biggest player in ETF-managed portfolios. Favorites are international real-estate ETFs (WPS an example), Hong Kong (EWH) and Germany (EWG). Domestically, the funds are overweight tech (QQQ).
Comment![Global & FX]
Tuesday, December 11, 2012, 3:28 PM
Developed real estate ex-U.S. (WPS) continues a torrid run, both absolutely and measured against U.S. real estate (IYR, VNQ). Though its holdings are concentrated in Asia and Australia, WPS began its outperformance right around the time of Mario Draghi's "whatever it takes" remarks concerning EMU. WPS +31.5%, IYR +13.5% YTD.
1 Comment[Global & FX, U.S. Economy]
Friday, November 16, 2012, 3:29 PM
Developed real estate ex-U.S. (WPS) holds its ground over the last 2 months as domestic property (IYR) falls more than 7%. YTD, WPS is up 25.4% vs. an 8.7% gain for IYR. Another international fund, VNQI - holding many of the same stocks, but less top-heavy - has posted an even greater return, +28.1%.
3 Comments[Global & FX]
Friday, October 19, 2012, 12:29 PM
Developed real estate ex- U.S. (WPS) continues to add to its sizable lead over domestic property (IYR, VNQ), with all of the outperformance coming since late July. The fund's largest holdings are concentrated in Asia - Japan, Hong Kong - with a bit of Australia and Europe thrown in.
Friday, September 14, 2012, 3:09 PM
Trailing U.S. real estate (IYR, VNQ) badly for much of the last month, the past few sessions have been especially good for developed real estate ex-U.S (WPS). On a YTD basis, WPS continues to outperform domestic property by about 600 basis points.
Thursday, July 5, 2012, 1:16 PM
Price matters. Real estate funds have trumped all other categories of stock fund over the last 3 years, not because the underlying assets have great fundamentals, but because the class "was priced for bankruptcy" in 2009. Now the fundamentals are turning. Some favorites: VNQ, SPG, AVB, FNIO, ICF, IFGL.
5 Comments[U.S. Economy]
Friday, June 29, 2012, 3:21 PM
Real estate ex-U.S. outperformed U.S. real estate this month, WPS +4.9% (45 minutes before the close) vs. IYR and VNQ, each up about 2.5%. Over the last year though, it's not close, with U.S. real estate outperforming ex-U.S. by 1500 basis points or more (depending on the ETF), the divergence beginning last last fall.
Wednesday, December 14, 2011, 5:09 AM
Morgan Stanley (MS) has reportedly had to return around $700M to investors in its flagship global real-estate fund, and has been forced to cut the fund's fees following lackluster performance. The concessions have persuaded investors to give the fund an extra year, until June 2013, to invest.
Wednesday, March 10, 2010, 1:18 PM
Global value of REITs is expected to build on its 2009 rebound, Ernst & Young says, pointing to coming IPOs in the $500M-$1B range - they're "working on several around the country" - and possibly more M&A activity. (ETFs: RWX, IFGL)