BMO REIT ETF
The newly created BMO Equal Weight REITs Index ETF (ZRE) offers investors instant access to Canada's REIT market with one single trade. The BMO ETF has better diversification than the iShares REIT ETF (XRE) by holding more names and by using an equally weighted process. Because the iShares product uses a market cap weighting methodology, the top 5 holdings (RioCan, H&R, CREIT, Boardwalk and Calloway) account for 68% of the portfolio. RioCan alone represents 25% of the iShares ETF. By contrast the BMO ETF holds 17 REITs with each name accounting for about 6% of the portfolio. The BMO ETF also provides exposure to some smaller REITs such as Allied Properties and Crombie. The BMO ETF currently yields 7.4%.
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- BMO Equal Weight REITs ETF Holdings: - Allied Properties REIT - Artis REIT - Boardwalk REIT - Calloway REIT - Canadian REIT - Cdn Apartment Prop REIT - Chartwell Sr Housing REIT - Cominar REIT - Crombie REIT - Dundee REIT - Extendicare REIT - H&R REIT - InnVest REIT - Morguard REIT - Northern Property REIT - Primaris Retail REIT - RioCan REIT ...
