FTSE Group, the award-winning global index provider, announces the launch of the new ….
FTSE EPRA/NAREIT Global Indices. Following the December 2008 expansion of the FTSE EPRA/NAREIT Global Real Estate Index Series to include Emerging markets, the new Global indices now represent a composite of both Developed and Emerging subsets, providing a useful tool for real estate investors seeking additional granularity in tracking global real estate markets.
As part of this continued expansion, the following new regional indiceshave been added to the FTSE EPRA/NAREIT Global Real Estate Index Series:
- FTSE EPRA/NAREIT Global Index
- FTSE EPRA/NAREIT Global ex US Index
- FTSE EPRA/NAREIT Developed EMEA Index
- FTSE EPRA/NAREIT Americas Index
- FTSE EPRA/NAREIT Asia Pacific Index
- FTSE EPRA/NAREIT EMEA Index
- FTSE EPRA/NAREIT Europe Index
- FTSE EPRA/NAREIT Middle East and Africa Index
The new structure of the index series better enables investors to measure listed real estate performance across all major geographies, country classifications and property types. “Globalisation of REITs and public real estate will continue to grow, driven by the fact that investors worldwide are seeking diversification; but diversification can only be achieved when coverage includes both geographic and property type exposure,” said FTSE’s Head of Alternatives Ronnee Ades.
Despite recent market turmoil and the devaluation of real estate stocks in concert with broad global equities markets, real estate remains widely recognized as one of the four primary core asset classes in institutional portfolios and represents nearly 50% of global wealth. REITs and other listed real estate offer investors greater liquidity, access, transparency, and professional management than private real estate investments, but their underlying assets share the same distinct characteristics, according to various studies by asset-allocation specialists Ibbotson Associates. The FTSE EPRA/NAREIT Global Index Series represents the economic performance of global listed real estate and are the standard for real estate index benchmarks worldwide.
Source: ETFWorld.com – FTSE Group
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