In fact, according to the folks at BlackRock,
iShares FTSE NAREIT Mortgage REIT
(REM) has a 30-day SEC yield north of 12.5%!
Of course, it is hardly immune to worldwide financial shocks. Back in 2008, iShares FTSE NAREIT Mortgage REIT lost nearly 1/2 of its worth.
Many would argue, however, that Europe's crisis does not involve subprime/Alt-A mortgage-backed securities and that toxic sovereign debt is a different creature entirely.
That may be true. Yet, I'd still tell most investors to wait for REM to pull back to its 50-day. And after making a purchase, be sure that you
understand precisely what it takes to protect yourself
if the investment turns sour.
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