FYI: Vanguard Global ex-U.S. Real Estate ETF (VNQI) is a sound choice for broadly diversified, low-cost exposure to foreign real estate securities. This fund tracks a broadly diversified, market-cap-weighted index that is representative of the opportunity set available to investors in this market segment. It also has a durable edge over peers in the form of its lowest-in-class expense ratio. That said, the fact that its benchmark omits U.S. securities and includes emerging-markets ones make it a misfit in a field dominated by more globally oriented peers. Also, its emerging-markets exposure has translated to significantly higher risk than most funds in the global real estate Morningstar Category. It earns a Morningstar Analyst Rating of Bronze.
Regards,
Ted
https://www.morningstar.com/articles/905773/an-etf-pick-for-those-looking-to-tap-into-foreign-.html
