For investors looking for a boost SPDR Fund for Real Estate Sectors XLRE probably a good choice. The fund just hit a 52-week high and rose 38.5% from a 52-week low of $ 33.71 a share.
Let’s take a look at the fund and its short-term outlook to see where it might be heading:
XLRE in focus
The fund seeks to deliver investment results that, excluding costs, are broadly in line with the price and yield of the Real Estate Sector Selection Index. Its AUM is $ 3.89 billion and annual fees are 12 basis points.
According to the FOMC minutes, the central bank will patiently wait for a benchmark of “substantial further progress” before tightening policy, as stated in the CNBC article. When the interest rate falls, mortgage rates fall, making real estate or mortgage refinancing more affordable. This, in turn, leads to an increase in property sales. In addition, the uncertainty of market conditions due to the renewed outbreak of the coronavirus and the slowdown in global economic growth is making investors nervous, increasing the attractiveness of these funds. This is because these funds offer prohibitive returns and are good investment options when increasing safe trading is holding back returns.
More benefits ahead?
It looks like the foundation will stay strong with positive weighted alpha 33.80, which gives a signal for further drawing.
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