We like most of these REITs

Article Excerpt

ISHARES CDN REIT SECTOR INDEX FUND $7.22 (Toronto symbol XRE; buy or sell through a broker) holds the 11 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 this index’s value. RioCan REIT makes up 23.3% of the index’s total value; Canadian REIT, 14.1%; Boardwalk REIT, 11.3%; H&R REIT, 10.9%; Canadian Apartment Properties REIT, 9.6%; Calloway REIT, 7.2%; Primaris Retail REIT, 6.1%; Cominar REIT, 5.2%; Chartwell Seniors Housing REIT, 4.9%; Extendicare REIT, 3.2%; and InnVest REIT, 2.2%. We’re glad to see that the top holding is RioCan, one of our favourite 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 16.6%. Its expenses are 0.55% of its assets. iShares CDN REIT is a buy. buy…