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.
- 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%.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.