You should hold this ETF

Article Excerpt

ISHARES S&P/TSX REIT INDEX ETF, $19.49, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets you tap into all 19 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay a reasonable MER of 0.61%, and it currently gives you a high 4.1% yield. The ETF’s top holdings are Canadian Apartment REIT (14.8%), RioCan REIT (13.9%), Allied REIT (10.5%), H&R REIT (9.9%), SmartCentres REIT (6.6%), Choice Properties (5.8%), Granite REIT (5.8%), Cominar REIT (4.2%), InterRent REIT (3.1%) and Killam REIT (3.0%). Beyond those top holdings, the fund’s breakdown for investors includes Northview Apartment REIT (2.9%), Boardwalk REIT (2.8%), Northwest Healthcare REIT (2.7%), Dream Industrial (2.7%), Artis REIT (2.4%), Dream Office REIT (2.4%), Crombie REIT (2.4%), Summit Industrial REIT (2.3%), and CT REIT (1.8%). We like some of the 19 REITs this ETF holds, but there are others we don’t view as buys. buys…