Going forward, the outlook for REITs is mixed and commercial real estate still may have some stumbling blocks to clear. On the other hand, they are back near their May highs and on the verge of making new highs for 2010, while the S&P 500 still languishes about 8% below its high for the year. If the funds can move forward with strength from this point, it will be very optimistic for their outlook in the near future. At the time of publication, Dion Money Management owned ICF and IYR.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Cohen & Steers REIT ETF where we have detected an approximate $67.0 million dollar inflow -- that's a 1.9% increase week over week in outstanding units (from 35,000,000 to 35,650,000). Among the largest underlying components of ICF, in trading today Simon Property Group, Inc.