We Like Most of its REITs

Article Excerpt

ISHARES CDN REIT SECTOR INDEX FUND $13.36 (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 25% of the index’s value; H&R REIT, 14.9%; Canadian REIT, 10.1%; Boardwalk REIT, 9.0%; Calloway REIT, 8.1%; Canadian Apartment Properties REIT, 6.3%; Primaris Retail REIT, 5.9%; Cominar REIT, 4.6%; Chartwell Seniors Housing REIT, 4.2%; Innvest REIT, 4.0%; Extendicare REIT, 2.7%; and Dundee REIT, 2.6%. We’re glad to see that the top holding is RioCan, one of our favorite REITs. In fact, the top three holdings are among our recommendations. Note that iShares CDN REIT holds a couple of REITs we don’t recommend. iShares CDN REIT currently yields 6.6%. Expenses run at 0.55% of assets. iShares CDN REIT is a buy. buy…