SPDR Dow Jones International Real Estate (RWX)
The United States isn’t the only place for investors to find real estate gold. In fact, the U.S. only represents about 30% of the total global real estate market.
That leaves plenty of room for U.S. investors to capitalize on the opportunities in the international space. And those opportunities are growing. Since the mid-90s, nearly 30 different countries have adopted the REIT tax structure — everyone from Singapore to France.
The SPDR Dow Jones International Real Estate (RWX) bets on those international property firms.
RWX tracks 135 different international REITs, real estate owners and operating firms — with Japan, Australia and the United Kingdom as the largest country weightings. Top holdings include some of the “who’s who” in international property owners. And aside from the diversification benefits of going global, investors are treated to another benefit — a higher dividend yield.
RWX is currently yielding roughly double the VNQ and ICF at 6.4%. Meanwhile, expenses are relatively cheap at 0.59%.