The coronavirus fallout turned catastrophic in a fast and furious fashion, as President Trump announced U.S. travel ban from Europe soon after the Covid-19 outbreak was declared a pandemic by the WHO. Global ex-U.S. Real Estate Fund (VNQI) could not escape the wrath of the bloodbath with a devastating -20% year-to-date performance, though has outperformed the broader global ex-U.S. stock market ETF (VEU).
Source: WingCapital Investments
Indeed, the outperformance in global real estate sector resonates with the U.S., as VNQ has likewise been faring better than the S&P 500 (SPY