The $57.4 million NURE holds 36 REITs. Over 46% of the fund’s holdings are apartment REITs while another 26.16% are hotel REITs. Self-storage and manufactured home REITs combine for 27.60% of NURE’s roster.
NURE is also a sound idea for investors looking to reduce correlations to other asset classes. Real estate has historically exhibited low correlation to stocks, bonds and commodities, which makes the asset a great source of diversification. The FTSE NEREIT All Equity REITs Index has exhibited a 0.552 correlation to the S&P 500, a 0.115 correlation to commodities, a 0.475 correlation to the MSCI EAFE Index, a 0.352 correlation to the emerging markets, 0.198 correlation to the Barclays U.S. AGG Index and 0.052 correlation to U.S. Treasuries.
NURE charges 0.35% per year, or $35 on a $10,000 investment.
For more information on real estate investment trusts, visit our REITs category.
