2024-04-09 00:14:57 ET
Summary
- Real estate lags other asset classes as elevated rates continue to drag on performance.
- Federal Reserve indicates there is no rush to cut interest rates, creating uncertainty for real estate investors.
- XLRE is a large real estate ETF with diversified exposure to the sector, focusing on quality operators and excluding mortgage REITs.
- XLRE has outperformed broad-based real estate funds such as the Vanguard Real Estate ETF, which holds a more diverse portfolio.
Following a tremendous rebound in the fourth quarter of 2023, the rally into real estate tempered during the first quarter. As we move into the second quarter of the calendar year, the market continues to diverge across asset classes with technology leading the way and income producers taking the back seat once again....
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XLRE: Quality Beats Quantity Once Again