Bringing you live news and features since 2006 

International real estate ETF reaches USD500m in assets

RELATED TOPICS​

Boston-based State Street Global Advisors, the investment management arm of State Street Corporation, has announced that assets in the SPDR DJ Wilshire International Real Estate ETF, bille

Boston-based State Street Global Advisors, the investment management arm of State Street Corporation, has announced that assets in the SPDR DJ Wilshire International Real Estate ETF, billed as the first exchange-traded fund to offer US investors access to global real estate securities publicly traded outside the US, have reached USD500m in less than three months.

‘A number of catalysts appear to be driving investor demand for international real estate exposure, including a very low correlation to the broader US and international equity markets,’ says SSgA senior managing director James Ross.

‘The significant inflows into the SPDR DJ Wilshire International Real Estate RWX ETF indicate that investors have quickly embraced this offering as a vehicle to gain more precise exposure to the global markets.’

Launched on December 19 last year, the SPDR DJ Wilshire International Real Estate ETF has become the fastest-growing ETF listed in the US during the past six months, with assets under management in the fund totalling around USD500m by March 7.

‘As investors increasingly look toward real estate securities globally to diversify their equity portfolios, they require more sophisticated risk measurement tools to benchmark their returns,’ says Michael A. Petronella, president of Dow Jones Indexes/Ventures.

‘The Dow Jones Wilshire Global Real Estate Indexes were launched in 2006 to meet this demand, particularly as more institutional and individual investors seek exposure to Reits and real estate operating companies outside the US.’

With USD1.7trn in assets under management at the end of last year, State Street Global Advisors has investment centres in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide.

Latest News

Sprott Asset Management, a wholly-owned subsidiary of Sprott Inc has announced the launch of four ETFs focused on providing investors..
Tradeweb Markets Inc. has reported total trading volume for January 2023 of USD23.2 trillion (tn). Average daily volume (ADV) for..
Strive Asset Management has launched its eighth index fund: the Strive Emerging Markets Ex-China ETF (STXE). The firm writes that..
Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and..

Related Articles

ETF
We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Bitcoin
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Captain
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Mackenzie
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by