DJ Wilshire International Real Estate SPDR
RWX tracks the
Dow Jones Global ex-U.S. Real Estate Securities Index
, a market capitalization-weighted benchmark designed to measure the performance of publicly traded real estate securities in developed and emerging countries outside the U.S. Close to one-third of assets are in European real estate firms while developed Asian markets and Australia each make up about 20%. Given the high European allocation, it is not surprising to see that the fund is down about 13% over the past four weeks.