Investors typically flock to gold or utilities for a safe haven during an economic slowdown but recently, real estate is looming largely as a flight-to-safety play, according to an article on Zacks.
Real estate has now outperformed traditional havens in a rally sparked by an interest in higher-yielding investments, Zacks said. The slice of the market has attracted close to $1 billion in the last month alone, the report said.
The article cited the following real estate-focused ETFs, saying they were the best-performing:
- SPDR Dow Jones REIT ETF (NYSEArca: RWR)
- Schwab U.S. REIT ETF (NYSEArca: SCHH)
- iShares Cohen & Steers Realty Majors Index Fund (NYSEArca: ICF)
- iShares FTSE NAREIT Retail ETF (NYSEArca: RTL)
For the full story, visit Zacks.com.