May 15, 2008 at 6:00 am by Tom Lydon
State Street Global Advisors is going down the real estate and mid-cap road on an international scale, with new exchange traded funds (ETFs) that invest overseas.
The new funds, according to Reuters, are:
- SPDR DJ Wilshire Global Real Estate (RWO), based on 240 commercial and residential real estate companies in 23 countries, including the United States.
- SPDR S&P International Mid-Cap (MDD), based on an index of 850 companies whose market caps are between $2 billion and $5 billion. The companies are located in 25 countries, including the United States.
Their global real estate fund will join these other international real estate ETFs:
- SPDR Dow Jones Wilshire Intl Real Estate Index (RWX), down 2.7% year-to-date
- First Trust FTSE EPRA/NAREIT Global Real Estate (FFR), up 0.7% year-to-date
- iShares FTSE EPRA/NAREIT Asia (IFAS), down 7.1% year-to-date
- iShares FTSE EPRA/NAREIT Global RE ex-U.S. (IFGL), down 5.3% year-to-date
The other international mid-cap ETF is the WisdomTree International Mid-Cap Dividend (DIM), which is a dividend-paying fund. Year-to-date, it’s down 2.5%.
Tags | Asia, Mid-Caps, Real Estate
