For investors seeking momentum, SPDR Dow Jones Global Real Estate ETF (RWO - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up over 59.6% from its 52-week low price of $32.28 per share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
RWO in Focus
RWO focuses on the real estate segment of the developed and emerging markets. RWO charges investors 50 basis points a year in fees and has top holdings in Simon Property Group, Public Storage and Welltower Inc. (see all Real Estate ETFs here).
Why the Move?
As long-term U.S. Treasury yields are toying with record-low levels and super-easy monetary policies are bringing down the yields in most developed markets, this could be the right time to play a global real estate ETF.
Investors should note that real-estate ETFs are rate-sensitive and perform well in a low-rate environment. The ETFs are high-yield in nature, thus mitigating investors’ need for higher income. As a result, decent yields over 3% offered by this fund attract investors to this product.
More Gains Ahead?
It seems that this fund will see strong trading given a positive weighted alpha of 12.93. Since a positive weighted alpha hints at more gains, there is still some promise for investors who want to ride this surging ETF a little further.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
For investors seeking momentum, SPDR Dow Jones Global Real Estate ETF (RWO - Free Report) is probably on radar now. The fund just hit a 52-week high, and is up over 59.6% from its 52-week low price of $32.28 per share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
RWO in Focus
RWO focuses on the real estate segment of the developed and emerging markets. RWO charges investors 50 basis points a year in fees and has top holdings in Simon Property Group, Public Storage and Welltower Inc. (see all Real Estate ETFs here).
Why the Move?
As long-term U.S. Treasury yields are toying with record-low levels and super-easy monetary policies are bringing down the yields in most developed markets, this could be the right time to play a global real estate ETF.
Investors should note that real-estate ETFs are rate-sensitive and perform well in a low-rate environment. The ETFs are high-yield in nature, thus mitigating investors’ need for higher income. As a result, decent yields over 3% offered by this fund attract investors to this product.
More Gains Ahead?
It seems that this fund will see strong trading given a positive weighted alpha of 12.93. Since a positive weighted alpha hints at more gains, there is still some promise for investors who want to ride this surging ETF a little further.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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