Less than a year after coming to market, Vident Financial’s U.S. Diversified Real Estate ETF (NYSE Arca: PPTY) reached the $100 million in assets under management milestone.
To be precise, as of Friday, Feb. 8th, PPTY had $103.88 million in assets under management, according to issuer data.
PPTY’s portfolio is constructed based on the actual properties held by each company in the investment universe. The smart beta index-based ETF screens for four primary factors when investing in real estate, including location, property type, leverage and governance.
“This distinct approach allows PPTY to build a portfolio of REITs that delivers the consistent property type and geographic diversification that real estate investors typically seek. Leverage and governance criteria are further included to reduce exposure to high-risk companies,” according to a statement from Atlanta-based Vident.
PPTY celebrates its one-year anniversary on March 27, 2019.
More About PPTY
Location can affect the value of a property and is a key driver of real estate performance. Stable targets are used to diversify geographic exposure while favoring dynamic, high-growth locations.