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Taking advantage of the low interest rate environment, investors searching for high yields through income-providing assets are taking to real estate.
Real estate funds posted their largest weekly inflows ever this week as mutual funds poured $2.9B into listed real estate, trumping its previous record of $1.68B earlier this year. This is the most money on record to ever be moved into real estate in a week’s time, according EPFR Global—a researcher that tracks ETFs that invest in listed real estate companies in the US, the Wall Street Journal reports.
Real estate has moved to its own sector on the S&P Dow Jones Indices, splitting from financials. Real estate was reclassified on the GICS earlier this year, a move that analysts say is encouraging fund managers to take a closer look at REITs as portfolio diversifiers. [WSJ]
