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A Deeper Look at Some Lesser-Known REIT ETFs

Friday, October 14, 2016 11:01
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real estateToday we speak about the presence of upside December call buyers in the second largest real estate ETF, IYR (iShares U.S. Real Estate, Expense Ratio 0.43%), and this presents the opportunity to discuss several of the smallest funds in the greater “REIT” space that likely evade investor attention.

PRME (First Trust Heitman Global Prime Real Estate, Expense Ratio 0.95%), which debuted nearly a year ago in November of 2015, seems to trade by appointment, with only about 3,200 shares traded daily, but it did see a notable uptick in volume with a >20,000 share day earlier this week. The fund itself is the smallest Real Estate ETF in the U.S. listed landscape with only about $1 million in assets under management, which appears to be seed capital.

According to fund literature, PRME is an actively managed ETF with an “objective to provide long-term total return”:

“Under normal market conditions, the fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in U.S. and non-U.S. exchange-traded real estate securities, which includes real estate investment trusts, real estate operating companies and common stocks or depositary receipts of companies primarily engaged in the real estate industry.”

LARE (Tierra XP Latin America Real Estate, Expense Ratio 0.79%) debuted a bit after PRME last year, in early December of 2015 in fact, and this fund presently has about $3 million in assets under management. The fund comes from ETF Managers Group, whom presently have three other funds listed as well.

LARE tracks the “Solactive Latin America Real Estate Index” which “is comprised of 61 locally-listed equities ranked overall by market capitalization, dividend yield and liquidity.”

Here are some other lesser known ETF alternatives in this space, as ranked by AUM:

  • WREI (Guggenheim Wilshire U.S. REIT, Expense Ratio 0.33%, $23.2 million in AUM),
  • PSR (PowerShares Active U.S. Real Estate, Expense Ratio 0.80%, $26.7 million in AUM),
  • SRET (Global X SuperDividend REIT, Expense Ratio 0.58%, $32.5 million in AUM),
  • EWRE (Guggenheim S&P 500 Equal Weight Real Estate, Expense Ratio 0.40%, $41.9 million in AUM), and
  • FTY (iShares Real Estate 50, Expense Ratio 0.48%, $72.5 million in AUM).

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch
paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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