State Street Launched Global Real Estate ETF (RWO)
Post viewed 398 times, 2 so far today
Investing in global real estate just got a little easier.
Early last month, State Street Global Advisors launched yet another global real estate ETF. The SPDR DJ Wilshire Global Real Estate ETF (RWO) is the third REIT exchange-traded fund introduced by SSgA (the other two are DJ Wilshire REIT ETF (RWR) and DJ Wilshire REIT ETF (RWR)), focusing on global commercial and residential real estate markets. In addition to RWO, there are several international REIT ETFs being offered to investors in the past couple of years after the real estate boom in the early part of this decade. In the long-term, investing in real estate helps investors diversify their portfolio and, thus, reduce risk. Diversifying away from the U.S. markets makes even more sense after the collapse of the U.S. housing market.
RWO tracks the Dow Jones Wilshire Global Real Estate Securities Index (RESI), which was incepted on March 1, 2006. The RESI is a float adjusted market capitalization index. Among 25 countries/regions that make up the RESI, the U.S. market has the heaviest weight, at 43.51%, followed by Japan at 11.11%. The breakdown of the rest country weights is as follows:
- Australia: 10.24%
- United Kingdom: 7.29%
- Canada: 5.60%
- Hong Kong: 5.54%
- France: 5.30%
- Singapore: 4.33%
- Austria: 2.42%
- Sweden: 0.69%
- Switzerland: 0.69%
- Belgium: 0.48%
- New Zealand: 0.37%
- Germany: 0.35%
- South Africa: 0.32%
- Italy: 0.17%
- Spain: 0.05%
- China: 0.04%
RWO currently has 223 stock holdings and has an expense ratio of 0.50%. RESI is rebalanced annually.
If you enjoyed reading this post, please consider subscribing to my full RSS feed (What's RSS feed?). Or you can also choose to have free daily updates delivered right to your inbox.
Featured Financial Products
- Seeking higher returns for your cash? Take a look at the latest interest rates from leading online banks and find out where to get the most for your money.
- Earn up to 5% cash back from these cash back credit cards while shopping at gas stations, grocery stores, or online.
Check Out These Related Articles
- Investing in Global Real Estate Markets with a Global REIT ETF
- State Street Launched S&P International Dividend ETF (DWX)
- Weak Correlation: Another Reason to Have Global REIT
- Next Chinese IPO: E-House Holdings
- ShareBuilder Starts to Offer ING Funds
One Comment
Share Your Thouhgts
Your opinion matters. Please use the form below to share your thoughts on State Street Launched Global Real Estate ETF (RWO) with us.Recent Entries
- Unemployment Rate Reaches Five-Year High
- Chinese ADRs Monthly Update - August 2008
- Commodities Make It and Commodities Break It
- HSBC Weekend Card
- August 2008 Score Card — Part I: Net Worth
- Weekend Linkage - September 1, 2008
- More Disturbing Facts on Banks
- Authorized Users Will Be Allowed in FICO Score Calculation
- Reminder: $70 TradeKing Bonus Still Available
- FDIC Problem Banks List Grew to 117 Last Quarter
- DollarSavingsDirect: A High Yield Version of Emigrant Direct
- Financial Tips for College Students
- WTDirect Terminates Promotion After Only Three Days
- Did You Miss These Freebies?
- Google Beijing Olympic Logos: How Google Celebrated the Event
- WaMu Promotion: 5.00% APY for 12-Month Online CD
- WTDirect Promotion: Up to $250 Sign-On Bonus
- American Eagle Gold Coin in Short Supply?
- Boy, Was I Wrong on FRE
- Avoid These Unhealthy Kid Foods
- Suze Orman FICO Kit 20% off Sale
- Poll: Do You Save in 401(k) Without Company Match?
- Weekend Linkage - August 17, 2008
- It’s Not Easy to Live in New Jersey
- Discover More Card $50 Bonus Promotion





Trackbacks & Pingbacks