A Top-Quality REIT Fund

Article Excerpt

ISHARES CDN REIT SECTOR INDEX FUND $17.55 (Toronto symbol XRE; buy or sell through a broker) holds the 12 Canadian real estate investment trusts (REITs) in the S&P/TSX Capped REIT Index. The weight of any one REIT in the value of the S&P/TSX Capped REIT Index is limited to 25%. RioCan REIT makes up 23.7% of the index’s value; H&R REIT, 14.5%; Boardwalk REIT, 9.2%; Calloway REIT, 8.5%; Canadian REIT, 8.4%; Dundee REIT, 6.1%; Chartwell Seniors Housing REIT, 5.6%; Canadian Apartment Properties REIT, 5.6%; Primaris Retail REIT, 5.0%; Extendicare REIT, 4.6%; Legacy Hotels, 4.1%; and Innvest REIT, 3.6%. We’ve glad to see that the top holding is RioCan, one of our favorite REITs. In fact, three of the top five holdings are among our recommendations. Note that iShares REIT holds a couple of REITs we don’t recommend. iShares REIT currently yields 4.7%. Expenses run at 0.55% of assets. iShares REIT is a buy. buy…

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