On Sunday, China’s central bank cut interest rates for the third time in six months. “With the latest interest rate cut, the effective mortgage rate on loans of more than five years has dropped to 5.37% from 5.61%,” according to MarketWatch.
EMRE, which charges 0.65% per year, tracks the AlphaShares Emerging Markets Real Estate Index. “The index is designed to measure and monitor the performance of the investable universe of publicly traded companies and real estate investment trusts that derive a majority of their revenues from real estate development, management and/or ownership of property in the countries of the S&P BMI Emerging Markets ,” according to a statement issued by Guggenheim. [First EM Real Estate ETF Debuts]
EMRE has a 30-day SEC yield of 2.07%.
Guggenheim Emerging Markets Real Estate ETF
