From "small leek learning circle"
Q
REITs have been interested in, read your micro-channel public number of REITs analysis, the annualized 8-10% long-term earnings stability, and low-key and other investment products, is a very good dispersion of configuration options. Recommend GF US Real Estate Index 000 179, I watched every day fund net change in current net worth at six-year high, not too low worth buying. Ask the following three questions:
- It tracks the index is MSCI REIT US Index it, I did not find in the East wealth and flush, may I ask where can I see?
- If you want to buy, wait until the appropriate callback to which position? A similar valuation, or other measure of it?
- Suitable positions proportion of the species, how much you recommend it?
A
First, it tracks the MSCI US REIT INDEX, but also fell over this plus RMB exchange rate changes.
This has its data on index Investing: https://cn.investing.com/indices/msci-us-reit-chart
Here are its key information table: https://www.msci.com/documents/10199/08f87379-0d69-442a-b26d-46f749bb459b
Second, the callback is difficult to judge this matter. Over the past 30 years, whether or REITs invest in US stocks, the best time is the 2008 subprime mortgage crisis punched pit, at that time led to REITs and stocks are at very low valuation of the location, this was born and since then has 10-year bull market basis. Like epic pit, who do not know how many years will not do it again.
After that REITs after only a few pits, such as the Federal Reserve into the rate hike cycle and shrink the table, the price of the asset class REITs significantly suppressed, this time appeared pits, and now the market is expected to return to the Fed's loose, so this REITs have gone up phase is particularly good, just hitchhiked RMB devaluation, earnings is very good.
I think REITs in general, nothing can pick up cheap, because now everyone easing is expected to be more consistent, they are returned to the capital on these assets, while the RMB exchange rate is not too far from the mark 7, as well as the depreciation of how much space not always. If the future economic and trade friction has eased, the RMB appreciation can be appropriate, but not the Federal Reserve to cut interest rates again in July, perhaps it may appear a short-term bearish sentiment, then there should be a better price. However, these are dependent on future events, if these events did not happen, the Fed than-expected easing, REITs are also likely to continue to go up it, so I think to do basic configuration, or to configure, nor unworthy, light and so on.
Third, in general, REITs in the overall asset allocation ratio of about 5% -20% on it, taking into account the current price is not necessarily very satisfied, you can choose a lower allocation ratio start, if there is opportunity to improve Enough.