FYI: Low interest rates, investors' thirst for above-average yields and heavily domestic revenue streams are among the reasons real estate investment trusts and the related exchange traded funds are thriving this year.
As a sector, real estate is small in terms of weight in the S&P 500, but mighty in another: defensive traits and that's another reason why investors have flocking to the group this year. The MSCI US REIT Index, one of the most widely real estate benchmarks, is up more than 25% year to date, beating the S&P 500 by more than 800 basis points.
Though it was just one day, Monday was a microcosm of that theme. Just nine ETFs hit record highs, but seven of those funds were real estate products.
Regards,
Ted
https://www.marketwatch.com/story/3-real-estate-etfs-entering-the-all-time-high-club-2019-10-08-1146258/print
