XLRE - Real estate sector ETF gain outpaces S&P 500 Trust ETF in 1H
Real Estate Select Sector SPDR ETF (XLRE) closed the first half with a gain of 21.25%, outpacing SPDR S&P 500 Trust ETF gain of 14.4%. Real estate sector ended third among the eleven sectors ETFs, trailing energy, which gained 42.41% and financial sector, which gained 24.46% during H1.Comparison of YTD performances of ETFs:The year 2021 commenced on a high note as prospects looked brighter on President Biden's $1.9T stimulus plan which would bolster the outlook for such sectors as hotel, office, and shopping mall REITs.At the end of 1H21, the housing market in the U.S. continues to gain traction as demand for homes outpacing the supply; Case-Shiller Home Price Index for April rose at its fastest pace ever at 14.6% Y/Y.Recently, Janus Henderson launched Janus Henderson U.S. Real Estate ETF (JRE); "With many investors under-allocated to real estate, JRE brings Janus Henderson's expertise in the asset class to ETF investors seeking to access
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Real estate sector ETF gain outpaces S&P 500 Trust ETF in 1H