Vanguard Launches International Real Estate ETF (VNQI)
Posted on November 01, 2010 at 19:06 PM EDT
Vanguard continued its blitz of new ETF products this week, rolling out an international counterpart to its ultra-popular real estate ETF (VNQ). The Vanguard Global ex-U.S. Real Estate Index Fund began trading on Monday; the new fund is available in four different share classes, including ETF shares (VNQI). The fund will seek to replicate the S&P Global ex-U.S. Property Index, a benchmark that includes real estate investment trusts (REITs) and real estate operating companies (REOCs) in emerging and developed markets outside the U.S. “Modest exposure to real estate investments in a broadly diversified investment portfolio can help moderate overall portfolio volatility and serve as a hedge against inflation,” said Vanguard’s chief investment officer Gus Sauter in a press release. “With international real estate securities representing a growing portion of the overall real estate market, a counterpart to our domestic REIT Index Fund is a natural [...] Click here to read the original article on ETFdb.com. Related Stories: Believe It Or Not: U.S Real Estate ETFs Crushing International Counterparts The Definitive Guide To Real Estate ETFs: Real Estate ETF Investing 101 Direxion Launches Leveraged Real Estate ETFs