International REITs: China Vs. World?

July 01, 2009

 

There’s also an iShares fund (WPS) tracking a Standard & Poor’s REIT benchmark of developed markets outside of the U.S.

That makes a total of five international REIT ETFs totaling more than $400 million in total assets from the iShares family.

Another noteworthy competitor is the WisdomTree International Real Estate ETF (NYSEArca: DRW). The fund follows its own specially developed index that weights real estate companies outside of the U.S. and Canada based on cash dividend streams. Currently, Hong Kong is dominating its portfolio at around 27.65% of total assets. Japan, Australia and France follow.

Also, besides RWX, State Street Global Advisors launched the SPDR Dow Jones Global Real Estate ETF (NYSEArca: RWO) last year. It’s one of the category’s laggards this year—and for good reason. Nearly 55% of the fund’s assets are invested in the U.S. and Japan. Better performers such as Hong Kong, Singapore and China are bit performers in this portfolio.

 

ETF Symbol Top Countries (%) Exp. Ratio (%) Stocks* YTD Return (%)**
Claymore China TAO China 0.65 40 63.88
iShares Developed Asia IFAS Japan (32.7), Hong Kong (28.6), Australia (19.5), Singapore (10.1) 0.48 65 25.97
iShares FTSE Developed ex-U.S. IFGL Japan (22.4), Hong Kong, (19.5) Australia (13.3), U.K. (8.7) 0.48 152 20.14
WisdomTree Int’l DRW Hong Kong (27.7), Japan (16.8), Australia (16.4), France (13.3) 0.58 218 16.35
iShares S&P Developed ex-U.S. WPS Japan (26.6), Hong Kong (23.3), Australia (13.9), Singapore (7.6) 0.48 228 15.61
SPDR DJ International RWX Japan (24.1), Australia (15.7), U.K. (12.6), Hong Kong (10.7) 0.59 135 11.47
First Trust FTSE Developed Global FFR U.S. (33.9), Hong Kong (18), Japan (14.2), Australia (8.8) 0.60 265 3.66
iShares FTSE Developed Europe IFEU U.K. (32.3), France (30.8), Netherlands (11.5), Switzerland (6.0) 0.48 79 0.05
SPDR DJ Global RWO U.S. (39.6), Japan (14.3), Australia (9.4), U.K. (7.4) 0.50 215 -1.94
iShares FTSE North America IFNA U.S. (90.1), Canada (9.1) 0.48 115 -11.96

Sources: Companies, Morningstar *As of March 31, 2009 **As of June 30, 2009

 

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