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First US-listed Latin America real estate ETF launches

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The Tierra XP Latin America Real Estate ETF (LARE), the first US listed exchange-traded fund to deliver access to real estate investment trusts (REITs) and real estate operating companies (REOCs) in Latin America, has launched on the NYSE Arca.

The ETF is the product of a partnership between Tierra Funds, ETF Managers Group, ISE ETF Ventures, and XP Gestão de Recursos, an XP Group company
 
LARE, which seeks to replicate the daily performance of the Solactive Latin America Real Estate Index (LAREPR), has an expense ratio of 0.79 per cent and trades on NYSE Arca. The ETF holds Mexican and Brazilian REITs, as well as major real estate equities in Mexico, Brazil, and Chile. REITs and REOCs represent approximately 54 per cent and approximately 46 percent, respectively, of the fund’s 52 components.
 
“LARE offers investors both current income and growth potential as well as access to local real estate equities that are otherwise not available in competing products,” says James Anderson, Managing Partner at Tierra Funds. “Favourable demographics, continued economic integration, and expanding local capital markets suggest that Latin America real estate may be a compelling addition to a portfolio.”
 
“We are excited to be involved in another first-to-market ETF,” says Sam Masucci, founder and CEO of ETF Managers Group. “We believe that LARE is an excellent way to access this market segment and provide an investment portfolio with balanced exposure.”
 
Bernardo Ferreira of XP Gestão de Recursos, adds: “This partnership connects organisations that have historic success launching successful ETFs and taps into the growth potential and opportunities to invest in property types across Latin America.”
 
“We are pleased to launch LARE with these esteemed partners,” says Kris Monaco, Head of ISE ETF Ventures. “Tierra and XP Gestão de Recursos share a strong presence in Latin America and specialized knowledge of the region. By combining their on-the-ground experience with our focus on bringing creative exchange-traded products to market, we believe this partnership takes advantage of our combined strengths and will benefit investors.”

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