Db x-trackers has unveiled an ETF on the London Stock Exchange tracking the performance of equity Reits and listed property companies from around the world.
The provider says its FTSE EPRA/NAREIT Global Real Estate ETF offers a diverse representation of the international real estate market by geography and property type, covering both developed and developing markets.
The fund takes a market cap-weighted FTSE index as its underlying, and is designed to complement db x-trackers' offerings on the FTSE EPRA/NAREIT Eurozone Real Estate and Developed Europe Real Estate indices.
The firm's Developed Europe Real Estate ETF has already generated €210m in assets under management since it launched this time last year.
Db x-trackers UK head Manooj Mistry adds: "With an all-in fee of just 0.6% per annum, the ETF will appeal to institutional and private investors keen to add a diversified global property element to their portfolio."
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