EWRE
Invesco S&P 500 Equal Weight Real Estate ETFEWRE Fund Description
EWRE tracks an equal-weighted index of US real estate equities selected from the S&P 500. The index excludes mortgage REITs and real estate management and development firms.
EWRE Factset Analytics Insight
EWRE is the first equal-weighted ETF in the popular US real estate segment. Equal-weighting shrinks the footprint of the largest REITs in the portfolio, but the fund’s S&P 500 universe excludes small-caps, which would otherwise tilt the equal-weighted portfolio much smaller. EWRE’s underlying industry classification system means that it can include a small portion of non-REIT real estate management and development companies, while mortgage REITs are out of bounds. In all, EWRE offers a concentrated, equal-weight alternative in a space dominated by cap-weighted funds. Through September 2016, EWRE had failed to attract any investor interest. This changed somewhat due to an unusual arrangement with sister fund RYF, which needed to divest itself of REITs to comply with a GICS classification change. RYF provided AUM in the form of REITs to EWRE in return for its shares, which were then distributed to RYF shareholders as of 9/16/2016, thus providing a modest but critical boost to EWRE’s AUM.
EWRE MSCI ESG Analytics Insight
Invesco S&P 500 Equal Weight Real Estate ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.43 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco S&P 500 Equal Weight Real Estate ETF ranks in the 19th percentile within its peer group and in the 72nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
EWRE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
EWRE Summary Data
EWRE Portfolio Data
EWRE Index Data
EWRE Portfolio Management
EWRE Tax Exposures
EWRE Fund Structure
EWRE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EWRE. EWRE is rated a 5 out of 5.
EWRE Tradability
EWRE Sector/Industry Breakdown
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EWRE Top 10 Holdings[View All]
EWRE Countries
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EWRE Regions
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EWRE Economic Development
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EWRE Performance Statistics
EWRE MSCI ESG Ratings
EWRE Benchmark Comparison Summary
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EWRE Benchmark Comparison Market Cap Size
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.