After a poor showing last year, real estate investment trust exchange traded funds are outpacing the broader markets and could continue to outshine common stocks.
Year-to-date, the Vanguard REIT ETF (VNQ) has gained 13.7%. In comparison, the S&P 500 Index has only inched up 2.6% so far this year.
Real estate observers argue that that REITs have further room to run as consumer confidence and real estate prices continue to rise, reports Constance Gustke for CNBC.
“There’s room for more growth in REITs, since real estate will be stellar,” Bruce Garrison, a managing director at Chilton Capital Management, also said.
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Vanguard REIT ETF (VNQ) is a component of the D2 Capital Management Multi-Asset Income Portfolio. Disclosure: I own the D2 Capital Management Multi-Asset Income Portfolio
The views expressed here are that of myself or the cited individual or firm and do not constitute a recommendation, solicitation, or offer by myself, D2 Capital Management, LLC or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service. D2, its clients, and its employees may or may not own any of the securities (or their derivatives) mentioned in this article.
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