This ETF holds top REITs

Article Excerpt

ISHARES S&P/TSX REIT INDEX ETF, $18.83, is a hold. The ETF (Toronto symbol XRE; buy or sell through brokers; ca.ishares.com) lets investors tap all 19 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 3.3% yield. The ETF’s top holdings are Canadian Apart. REIT (13.4%), RioCan REIT (11.0%), Granite REIT (9.3%), Allied REIT (7.8%), Choice Properties REIT (6.4%), H&R REIT (6.2%), SmartCentres REIT (5.9%), Dream Industrial (5.4%), First Capital Reality REIT (5.4%) and Summit Industrial REIT (5.2%). Beyond those top holdings, investors also have exposure to Northwest Healthcare REIT (4.1%), Killam REIT (3.5%), InterRent (3.0%), Boardwalk REIT (3.0%), Crombie REIT (2.8%), Primaris REIT (2.2%), CT REIT (2.0%). Artis REIT (1.8%) and Dream Office REIT (1.4%). We like some of the 19 REITs this ETF holds, but there are others we don’t view as buys. iShares S&P/TSX REIT is a hold. hold…