The strong performance of international real estate stocks remains a hot topic, with Dow Jones launching several new global real estate indices Tuesday. Meanwhile, the first exchange-traded fund featuring international real estate stocks is set to be launched soon by State Street Global Advisors.
With concern that U.S. REITs are getting too hot, international real estate stocks are touted as a means to diversify, reduce risk and boost returns. Besides buying the stocks directly, there previously weren't many options for U.S. personal investors seeking exposure to international real estate.
The more noteworthy funds currently available include Cohen & Steers' International Realty Funds (IRFAX, IRFCX, IRFIX), which are a series of three open-end funds; the Alpine International Real Estate (EGLRX) fund; and the ING Clarion Global Real Estate Income(IGR Quote) fund. ...
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