SPDR SSgA Multi-Asset Real Return ETF
When the world is going to hell, it’s always good to own assets that protect against inflation. Mark Donnelly, a portfolio manager with AEPG Wealth Strategies in Warren, N.J., tells the Wall Street Journal that the SPDR SSgA Multi-Asset Real Return ETF (RLY) provides “an all-in-one source for tapping into alternative asset classes.”
The ETF is a fund-of-funds, charging 0.7% annually, which isn’t half-bad considering it’s actively managed. Invested in a total of 14 ETFs, natural resources account for 47% of RLY’s $128 in total assets, with inflation-linked bonds another 24%, real estate at 19% and commodities and cash the remaining 10%.
RLY’s performance since its inception in April 2012 has been awful, but that’s to be expected with low interest rates and minimal inflation. That’s going to change soon enough. Syria might just be the kick in the pants it needs.