investment trusts

ISHARES CDN REIT SECTOR INDEX FUND $17.10 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.

iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.4%.

The ETF’s largest holding is RioCan REIT at 19.5%, followed by H&R REIT (10.7%), Dundee REIT (8.4%), Canadian REIT (7.2%), Calloway REIT (7.0%), Primaris REIT (6.3%), Cominar REIT (6.2%), Canadian Apartment REIT (6.0%), Boardwalk REIT (5.7%), Allied Properties REIT (5.2%), Chartwell REIT (4.5%), Artis REIT (4.5%), Granite REIT (4.3%), Northern Property REIT (2.6%) and Crombie REIT (1.8%).
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ISHARES CDN REIT SECTOR INDEX FUND $17.10 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 15 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.

iShares CDN REIT’s expenses are 0.60% of its assets....

A: Vanguard Global ex-U.S. Real Estate ETF, $55.65, symbol VNQI on Nasdaq (Units outstanding: 7.8 million; Market cap: $436.6 million; www.vanguard.com), invests in the 460 stocks in the S&P Global ex-U.S. Property Index. This index represents real estate investment trusts (REITs) in more than 30 countries outside the U.S.

Vanguard Global ex-U.S....

ISHARES CDN REIT SECTOR INDEX FUND $16.40 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 13 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value.

iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.5%.

The ETF’s largest holding is RioCan REIT at 20.8%, followed by H&R REIT (11.6%), Dundee REIT (9.1%),Canadian REIT (7.4%), Calloway REIT (7.3%), Cominar REIT (6.7%), Boardwalk REIT (6.6%), Canadian Apartment REIT (6.0%), Primaris Retail REIT (5.5%), Allied Properties REIT (4.9%), Chartwell Seniors REIT(4.6%), Artis REIT (4.6%), Northern Property REIT (2.6%) and Crombie REIT (2.0%).

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ISHARES CDN REIT SECTOR INDEX FUND $16.40 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 13 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of each REIT is limited to 25% of the ETF’s value. iShares CDN REIT’s expenses are 0.60% of its assets. The fund yields 4.5%. The ETF’s largest holding is RioCan REIT at 20.8%, followed by H&R REIT (11.6%), Dundee REIT (9.1%),Canadian REIT (7.4%), Calloway REIT (7.3%), Cominar REIT (6.7%), Boardwalk REIT (6.6%), Canadian Apartment REIT (6.0%), Primaris Retail REIT (5.5%), Allied Properties REIT (4.9%), Chartwell Seniors REIT(4.6%), Artis REIT (4.6%), Northern Property REIT (2.6%) and Crombie REIT (2.0%)....

YIELDPlus Income Fund, $7.43, symbol YP.UN on Toronto (Units outstanding: 22.4 million; Market cap: $166.4 million; www.middlefield.com), is a closed-end fund that holds a portfolio made up of stocks (71% of assets) and real estate investment trusts (29%). The top fund’s 10 holdings are: Progress Energy, Peyto Exploration & Development Corp., Labrador Iron Ore Royalty Corp., Mullen Group, Northland Power, Killam Properties, Pembina Pipeline Corp., Chartwell Seniors Housing REIT, Westshore Terminals and Canadian REIT. The fund holds 45% of its assets in the Resources sector. It trades at a 3.0% discount to its net asset value....

Canada’s real estate investment trusts (REITs) were the only category of trusts exempted from the federal government’s income trust tax. This has helped them remain popular with investors seeking both income and capital gains. Today we look at a major Canadian REIT that continues to add to its shopping centre empire, in the U.S. as well as Canada. RIOCAN REAL ESTATE INVESTMENT TRUST (Toronto symbol REI.UN; www.riocan.com) is Canada’s largest real estate investment trust (REIT). It has interests in 278 shopping malls in Canada, including 10 under development. These properties contain over 59 million square feet of leasable area....

ISHARES CDN REIT SECTOR INDEX FUND $17.25 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 13 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of any one REIT is limited to 25% of the ETF’s value.

iShares CDN REIT’s expenses are 0.55% of its assets. The fund yields 4.3%.

RioCan REIT is the fund’s largest holding at 22.0%, followed by H&R REIT (12.2%), Dundee REIT (8.9%), Canadian REIT (7.7%), Calloway REIT (7.5%), Boardwalk REIT (6.8%), Cominar REIT (6.4%), Canadian Apartment Properties REIT (6.2%), Primaris Retail REIT (5.7%), Artis REIT (5.0%), Allied Properties REIT (4.5%), Chartwell Seniors Housing REIT (2.9%), and Northern Property REIT (2.8%).

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Our main criteria for deciding if a company falls into the Consumer or Manufacturing sector is whether it behaves in a cyclical or non-cyclical manner. A manufacturing company is subject to the ups and downs of the economic cycle; consumer firms benefit from continuous and often habitual use of their products and services, so they have much more stability in their sales and earnings, regardless of the state of the economy. It doesn’t matter who the company sells to. For instance, consumers buy cars and soup. But carmakers are subject to wide swings in demand, so they go in the Manufacturing sector. Soup demand is far more stable, so soup makers go into the Consumer sector. While the soup company “manufactures” its products, its customers buy them during good and bad economic times. Real estate investment trusts (REITs) like RioCan mostly lease office or industrial space to firms that go through swings along with the rise and fall of the economy, so we place them in the Manufacturing sector. We’d also place REITs with residential holdings in the Manufacturing sector (actually, the full name we use is Manufacturing & Industry sector). Consumers buy soup every day, but they can go for months or years without buying a new car, much less a new home.

ISHARES CDN REIT SECTOR INDEX FUND $17.25 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds the 13 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of any one REIT is limited to 25% of the ETF’s value. iShares CDN REIT’s expenses are 0.55% of its assets. The fund yields 4.3%. RioCan REIT is the fund’s largest holding at 22.0%, followed by H&R REIT (12.2%), Dundee REIT (8.9%), Canadian REIT (7.7%), Calloway REIT (7.5%), Boardwalk REIT (6.8%), Cominar REIT (6.4%), Canadian Apartment Properties REIT (6.2%), Primaris Retail REIT (5.7%), Artis REIT (5.0%), Allied Properties REIT (4.5%), Chartwell Seniors Housing REIT (2.9%), and Northern Property REIT (2.8%)....