FYI: Vident Investment Advisory today has launched a first-of-its-kind ETF tracking the U.S. REIT market, though it can also include other types of real estate companies. The U.S. Diversified Real Estate ETF (PPTY) has a four-pronged approach to REITs, targeting property type, geographic diversification, leverage and governance.
The fund lists on the NYSE Arca and comes with an expense ratio of 0.53%.
Regards,
Ted
http://www.etf.com/sections/daily-etf-watch/new-reit-etf-has-regional-twist
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