It was another fine day to be long U.S. stocks, but exchange traded funds that hold real estate investment trusts did not get the memo.
Although 10-year Treasury yields inched lower Tuesday, five of worst 15 non-leveraged performers on the day were REIT ETFs. [American Capital Dogs mREIT ETFs]
Asia-Pacific and some municipal bond ETFs were nothing to write home about either, per the offender’s list courtesy of WallachBeth Capital. Click chart to enlarge.
