WisdomTree New Economy Real Estate UCITS ETF
Run by Irish Life Investment Managers, the WisdomTree New Economy Real Estate ETF has a slightly different focus to its investment approach than other funds, seeking to invest in property specifically in the technology, e-commerce and life science sectors.
It takes as its benchmark the CenterSquare New Economy Real Estate UCITS Index and it measures the performance of global real estate companies with exposure to technology, science and/or e-commerce related business activities. Around 61% of the fund is in American companies, with 6.2% in Australia, 5% in Singapore and 5% in the UK.
Its top 10 holdings include Digital Realty Trust, which provides the world’s biggest data platform, China Tower Corp, the world’s largest telecoms tower infrastructure provider, wireless infrastructure specialist SBA Communications Corp, data and records manager Iron Mountain, infrastructure provider Crown Castle Corp and Airbnb.
Meanwhile, 6% of the fund is invested in Australian firms, 5.78% in companies in Singapore, 5.4% in British firms and 5% in China. In total, 83.6% of the exchange-traded fund is invested in real estate, while 11% is in communication services and 4% in the consumer discretionary sector.
The fund is up 3.65% in the year-to-date but down 22.9% over one year. The expense ratio is 0.45%. Meanwhile, the fund is UCITS compliant, as well as eligible for ISA and SIPP investment.
