While a global offering, REET allocates 61% of its weight to U.S.-based REITs. That is seven and a half times the ETF’s allocation to Australia, its second-largest country weight. REET tracks the FTSE EPRA/NAREIT Global REIT Index and charges just 0.14%, putting the fund at the lower end of the REIT ETF fee spectrum.
“By investing worldwide, REET offers access to markets in various stages of expansion, with exposures ranging from emerging economies such as South Africa and Mexico to developed markets like the U.S., according to iShares. http://www.ishares.com/us/products/268752/REET
Other global REIT offerings from iShares include the $825.3 million iShares International Developed Real Estate ETF (NasdaqGM: IFGL) and the $183.1 million iShares International Property ETF (NYSEArca: WPS).
ETF Trends editorial team contributed to this post.