REIT Performance
After a disappointing July (0.10% average total return), the REIT sector saw stronger gains in August (3.36% total return). This performance was largely in-line with of the broader market, despite new record highs for the S&P 500, NASDAQ and the Russell 2000. REITs outperformed the S&P 500 (3.03%), and DJIA (2.16%), but fell short of NASDAQ (5.71%) for the 2nd straight month. Based on the weaker performance of large-cap REITs in August relative to their smaller peers, the market-cap weighted Vanguard Real Estate ETF (VNQ) had a lower total return