U.S. And Foreign Real Estate Shares Topped Market Returns Last Week


Property shares in the US and offshore markets posted the biggest gains for the major asset classes in the first week of trading for the third quarter, based on a set of exchange-traded funds.

US real estate investment trusts (REITs) led the way via Vanguard Real Estate (NYSE:VNQ), which popped 2.5% for the trading week ended July 5. Foreign real estate shares were in close pursuit: Vanguard Global ex-U.S. Real Estate (NASDAQ:VNQI) gained 2.0%, rising to its highest weekly close since early 2018.

Foreign bonds posted the biggest losses last week. The steepest setback was in SPDR Bloomberg Barclays International Treasury Bond (NYSE:BWX), which shed 0.7%. The decline marks the first weekly loss for the ETF in three weeks.

Foreign corporates suffered the second deepest loss last week. Invesco International Corporate Bond (NYSE:PICB) shed 0.5%.

Meanwhile, an ETF-based version of Global Market Index (GMI.F) continued to rise last week. This unmanaged benchmark, which holds all the major asset classes (except cash) in market-value weights, added 0.8% — the fifth consecutive weekly gain for GMI.

Read more at : https://www.investing.com/analysis/us-foreign-real-estate-shares-topped-market-returns-last-week-200437578


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