Friday, November 17, 2006

Global Infrastructure & REIT ETFs

According to Morningstar, SSgA will launch two specialty ETF fund: streetTRACKS DJ Wilshire Global (ex-US) Real Estate ETF and streetTRACKS Macquarie Global Infrastructure 100 ETF among many other new offerings. I believe these two funds are critical components of a well-balanced portfolio. iShares has the infrastructure fund listed in the London Stock Exchange already. In this aspect, the US lags behind the UK.

There are five real estate index funds. These funds had great performances so far since their respective launches.

IYR - iShares Dow Jones U.S. Real Estate Index Fund
ICF - iShares Cohen & Steers Realty Majors Index Fund
RWR- streetTRACKS Wilshire REIT index fund
RWX - streetTRACKS International REIT Index Fund
VNQ - Vanguard REIT ETF

There is one infrastructure index fund in the US stock exchanges. There are three closed-end funds associated with the Macquarie name. They have mixed performances so far since their inceptions.

GII - Macquarie Global Infrastructure 100 ETF
MFD - Macquarie/FT Global Infrastructure/Utilities Dividend & Income
MGU - Macquarie Global Infrastructure Total Return Fund
MIC - Macquarie Infrastructure Company Trust

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