We don’t like all its holdings

Article Excerpt

ISHARES CDN REIT INDEX FUND $17.70 (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) holds all 15 Canadian real estate investment trusts in the S&P/TSX REIT Index. The fund has an MER of 0.61%, and it currently yields a high 4.7%. The ETF’s top ten holdings are RioCan REIT (16.7% of holdings), Canadian Apartment Prop. REIT (13.9%), H&R REIT (12.2%), Allied Properties REIT (9.1%), SmartCentres REIT (7.7%), Choice Properties REIT (6.0%), Dream Global REIT (5.9%), Granite REIT (5.9%), Cominar REIT (4.4%), and Artis REIT (4.0%). Beyond those top holdings, the fund’s breakdown includes Boardwalk REIT (3.8%), Dream Office REIT (2.8%), Northview Apartment REIT (2.8%), Killam Apartment REIT (2.7%), and Crombie REIT (2.5%). We like some of the 15 REITs this ETF holds, but there are others we don’t view as buys. iShares CDN REIT Sector Index Fund is a hold. hold…

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