Janus Henderson U.S. Real Estate ETF returned 5.60% and the FTSE Nareit Equity REITs Index returned 4.80%. Data center landlords Digital Realty and Equinix added alpha, alongside global hotel brand Marriott International. Real estate services company CBRE Group and Sunbelt-focused apartment landlord Mid-America Apartment Communities detracted.
Janus Henderson U.S. Real Estate ETF returned 17.21% and the FTSE Nareit Equity REITs Index returned 16.09%. Commercial real estate company CBRE Group was a top contributor to relative outperformance, while Wyndham Hotels & Resorts detracted. With the Federal Reserve now cutting rates, we believe we are not at an inflection point for U.S. Real estate.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CAD Chelsea A. Delgado Main Street Group Ltd. | 1,839 | $45,082 | $50,223.09 | $5,141.09 | 11.4% |
| ARCA Exchange | US Country |
The company detailed here focuses on investment in real estate-related equity securities, primarily within the United States. By channeling at least 80% of its net assets, in addition to any borrowed funds for investment purposes, into U.S. real estate or related industries, the fund seeks to achieve its investment objective. It stands out due to its targeted investment in the real estate sector, including a permissible allocation of up to 15% of its net assets towards Canadian issuers. Notably, the fund operates as a non-diversified entity, implying a concentrated investment strategy that might focus on fewer assets or market sectors.
The fund's products and services are focused around investment in equity securities related to the real estate industry, underlining its specialized approach to portfolio construction: