REITs have benefited from extremely low interest rates, so a key risk is central banks moving away from easy monetary policies.
RWO has a global focus although about 54% of the portfolio is concentrated in the U.S.
SPDR Dow Jones International Real Estate (NYSEArca: RWX) and iShares FTSE EPRA/NAREIT Developed Real Estate ex-U.S. (NasdaqGM: IFGL) are pure plays on international REITs.
SPDR Dow Jones Global Real Estate