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. You can listen to the ETF Expert Radio Show "LIVE", via podcast or on your iPod. You can follow me on Twitter @ETFexpert. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. Disclosure Statement: ETF Expert is a website that makes the world of ETFs easier to understand. Gary Gordon, Pacific Park Financial and/or its clients may hold positions in ETFs, mutual funds and investment assets mentioned. The commentary does not constitute individualized investment advice. The opinions offered are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial or its subsidiaries for advertising at the ETF Expert website. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert at the site.
Gary Gordon reads: Real Clear Markets
On Twitter, Gary Gordon follows: Jonathan Hoenig
Hard Assets Investor
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV