XLRE - ICF: Not As Attractive As The CEFs From Cohen & Steers
2024-04-23 23:31:46 ET
Summary
- iShares Cohen & Steers REIT ETF is a fixed-income exchange-traded fund. The vehicle focuses on REIT equity and has a passive investment approach.
- The fund tracks the Cohen & Steers Realty Majors Index, meaning it holds the same assets as the index and doesn't try to outperform it through active management.
- REITs have been negatively impacted by rising interest rates in 2024. ICF's performance reflects this, with a total return down over 8% year-to-date.
- The article argues that active management is preferable in a tough market like today's, and points to RFI's outperformance as an example.
Thesis
The iShares Cohen & Steers REIT ETF ( ICF ) is a fixed income exchange-traded fund. The vehicle focuses on REIT equity, and has a passive investment approach. The fund comes from BlackRock, but via its build benefits from the Cohen & Steers expertise in the space, aiming to follow the Cohen & Steers Realty Majors Index ....
ICF: Not As Attractive As The CEFs From Cohen & Steers