Barclays Global Investors launched the iShares S&P World ex-U.S. Property Index Fund (WPS) Friday on the NYSE. WPS has an expense ratio of 0.48% that will put it in direct competition with the SPDR Dow Jones Wilshire International Real Estate ETF (RWX), which has an expense ratio of 0.59%.
ETF Guide reports that the underlying index is composed of companies involved in international property development, rental, management and investment. The world mix includes Australia, Canada, Denmark, Germany, France, Japan, Hong Kong, Singapore, and the U.K. among others. This is the first international REIT ETF to complement the seven U.S. real estate iShares ETFs.
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