SCHH - SCHH: A Solid Fund For The REIT Catch Up

2024-05-21 11:36:09 ET

Summary

• REITs are the weakest sector in 2024, with the Real Estate Select Sector SPDR Fund ETF down 3.84% for the year.
• The shift in rate expectations and rally in long-term yields have contributed to the weakness, but the trend is shifting back due to softer inflation and a dovish Fed.
• The Schwab U.S. REIT ETF is a potential buy, offering diversification, decent returns, and a bullish pattern on its chart.

REITs are officially the weakest sector in 2024 as per the 11 Select SPDR Sectors. And by a long way: The Real Estate Select Sector SPDR Fund ETF ( XLRE ) is down 3.84% for the year. Second weakest is consumer discretionary ( XLY ) with a return of -0.82%....

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