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The Kelly Residential & Apartment Real Estate ETF in the US cuts net fee to zero


Kelly ETFs has reduced the Kelly Residential & Apartment Real Estate ETF (NYSE Arca: RESI) net expense ratio to zero through a fee waiver agreement.

The firm writes that the RESI ETF was the first pure play ETF focusing on the residential and multifamily real estate sector with companies specialising in single-family residential homes, apartment buildings, student housing and manufactured homes. RESI seeks to track the Strategic Residential & Apartment Real Estate Sector Index.

“We believe the inflationary pricing power of our constituents, coupled with their necessity and strong demand, provides a compelling investment opportunity. Single family rentals and apartments, REITs reset their rents every year, which can serve as a hedge against inflation. Now investors can capture the benefits of investing in publicly traded residential REITs at a compelling expense ratio – zero,” says Kevin Kelly, Founder of Kelly ETFs. “The RESI ETF could stand to benefit as the positive effects from the post-pandemic ‘housing boom’ are reverberating across US rental markets with rents increasing at high rates.”

“Historically low housing supply comes at a time when household growth – the primary driver of housing demand – is strong and accelerating,” says Krista Kelly. “In a single trade, RESI delivers access to dozens of companies with exposure to all the sub-sectors of the multifamily theme seeking to provide a lower cost alternative to non-traded REITs, mutual funds, and private equity funds in an ETF.”

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