Underscoring the strength of real estate investment trusts (REITs) this year and the corresponding exchange-traded funds, eight such ETFs hit all-time highs Tuesday.
In November 2014, the S&P Dow Jones Indices and MSCI, two of the largest providers of benchmarks for exchange-traded funds, said real estate would become the eleventh Global Industry Classification Standard (GICS) sector in August 2016.
Ahead Of The Split
REIT ETFs have recently been responding to that announcement. For example, the Vanguard REIT Index Fund (NYSE: VNQ), the largest such ETF, was one of the eight ETFs to touch an all-time high Tuesday and is now up nearly 15 percent year-to-date.
“Many portfolio managers and mutual funds compare their ...
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