International REIT Face-Off Finale
A Seeking Alpha Contribution
Summary
- DRW is the highest-yielding international REIT, and it offers a unique portfolio.
- IFGL has greater assets and trading volume than WPS, but the latter fund offers more diversification and better performance.
- VNQI edges out WPS as the best international REIT for buy-and-hold investors.
In Part 1, we looked at the two giants in the international REIT space: the SPDR Dow Jones International Real Estate ETF (NYSEARCA:RWX) and the Vanguard Global ex-U.S. Real Estate ETF (NASDAQ:VNQI).
Three smaller funds in the mix are the WisdomTree Global ex-U.S. Real Estate ETF (NYSEARCA:DRW), the iShares International Developed Real Estate (NASDAQ:IFGL) and iShares International Developed Property ETF (NYSEARCA:WPS).
Index and Strategy
IFGL tracks the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index. The fund tracks an index of real estate companies in developed markets. Theeligibility criteria include at least 75 percent of EBITDA from real estate-related activities. Unrelated activities include financing, construction and property management, holding companies, commodities storage, gaming, theme parks, and infrastructure. Companies must provide an audited annual report in English. Holdings are market cap-weighted, adjusted based on free float and foreign ownership restrictions…. To Continue Reading Please, Click Here.