Hold off on new buying

Article Excerpt

ISHARES S&P/TSX REIT INDEX ETF, $15.83, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 16 Canadian real estate investment trusts in the S&P/TSX REIT Index. Investors pay an MER of 0.61%, and the fund gives you a 4.7% yield. The ETF’s top holdings are Canadian Apart. REIT (13.8%), RioCan REIT (11.6%), Granite REIT (8.7%), Choice Properties REIT (6.8%), Dream Industrial (5.8%), First Capital Reality REIT (6.4%), SmartCentres REIT (6.0%), Boardwalk REIT (3.4%), Allied Properties REIT (6.3%), and H&R REIT (5.7%). Beyond those top holdings, investors also have exposure to Killam REIT (3.6%), InterRent (3.3%), Crombie REIT (2.9%), Primaris REIT (2.5%), CT REIT (2.0%), and Northwest Healthcare REIT (3.5%). We like some of the 16 REITs this ETF holds, but there are others we don’t currrently view as buys. iShares S&P/TSX REIT is a hold. hold. …