XShares Advisors has launched its newest family of exchange-traded funds, the Adelante Shares Real Estate ETFs, on the New York Stock Exchange.
XShares Advisors has launched its newest family of exchange-traded funds, the Adelante Shares Real Estate ETFs, on the New York Stock Exchange. Developed in conjunction with Adelante Shares, the funds aim to provide investor with a new approach to investing in real estate investment trusts.
The Adelante Shares Real Estate funds separate the market into six distinct Reit-specific characteristics based on Adelante’s proprietary classification of the real estate sector. The funds are also the only equal-weighted Reit ETFs in the US market.
‘We are pleased to be partnering with Adelante Shares to bring a family of ETFs to the market that are completely different from other real estate products,’ says Jeffrey Feldman, founder and chairman of XShares Group.
‘Investors now have access to a suite of funds that behave differently from other real estate funds. At XShares, we are dedicated to developing innovative, creative and differentiated ETFs with strategic partners like Adelante.’
The Adelante Shares Real Estate family of funds comprises seven ETFs that focus on funds from operations, growth rates versus value, square footage under management, number of units under management, and dividend compound annual growth rate compared with the consumer price index.
‘We are excited to be working with XShares to launch products that provide investors with a unique way to access the real estate market through specific characteristics of the sector instead of just asset type,’ says Adelante Shares managing director Michael Torres. ‘We believe that the market will benefit from our insight of the real estate market in addition to XShares’ track record for delivering innovative investment products.’
Each ETF comprises of 25 stocks, apart from the Adelante Shares RE Composite ETF which holds 40 stocks, including Reits and real estate operating companies. Index composition calculations are administered independently by Standard & Poor’s.
XShares Advisors is a registered investment advisor that provides investment advisory services to exchange-traded funds, and partners with institutions and index providers to bring innovative ETFs to market using its administrative platform.
Headed by Torres, who created one of the principal real estate securities indices in 1991,Adelante Shares is the creator of the underlying indices for the Adelante Shares Real Estate ETFs and a wholly-owned subsidiary of ACM Acquisition.
