Hold off on new buying

Article Excerpt

ISHARES CDN REIT SECTOR INDEX FUND $16.09 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds all 16 Canadian real estate investment trusts in the S&P/TSX REIT Index. The fund’s MER is 0.61%, and it yields 5.1%. The ETF’s top ten holdings are: RioCan REIT at 19.6%, H&R REIT (14.2%), Smart REIT (9.1%), Canadian Apartment Properties REIT (8.6%), Canadian REIT (7.8%), Allied Properties REIT (6.4%), Cominar REIT (5.8%), Granite REIT (4.3%), Boardwalk REIT (4.1%), and Artis REIT (3.9%). After that, the fund’s breakdown includes Dream Office REIT at 3.8%, followed by Milestone Apartments REIT (3.0%), Crombie REIT (2.6%), Pure Industrial REIT (2.3%), Dream Global REIT (2.1%) and Northview Apartment REIT (2.1%). We like some of the REITs this ETF holds, but there are some we don’t see as buys. iShares CDN REIT Sector Index FUND is a hold. hold…