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 Manoo...
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