With assistance from investor's seemingly unquenchable thirst for income and the Federal Reserve's refusal to raise interest rates to this point in 2016, this has been a banner year for real estate investment trusts (REITs) and the corresponding exchange-traded funds.
For example, the Vanguard REIT Index Fund (NYSE: VNQ) and the iShares Dow Jones US Real Estate (ETF) (NYSE: IYR), two of the largest REIT ETFs, are up an average of 15 percent year-to-date. Stellar performances by these and other REIT ETFs is about more than just lower for longer interest rates and demand for yield.
Lucky No. 11
As has been previously noted in this space, 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 ...
/www.benzinga.com/analyst-ratings/analyst-color/16/07/8235303/reit-etfs-keep-the-good-times-going alt=REIT ETFs Keep The Good Times Going>Full story available on Benzinga.com
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