2024-06-11 06:55:31 ET
Summary
- FREL, an ETF tracking the real estate sector, has a high correlation with long-term bond ETFs.
- The case for REITs depends on long-term yields coming down, and the Fed is expected to cut rates, which could lead to a second rally in REITs.
- FREL is an average fund on most metrics, but is suitable to hold and position for the upcoming REIT rally.
The vast majority of REITs have been dead money this year and the dividends don't make up for fading share prices. This is sector-wide and is reflected in the performance in ETFs such as the Fidelity MSCI Real Estate Index ETF ( FREL )....
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FREL: Average, But Still A Hold For The Upcoming REIT Rally