Opinions
Larry Berman CFA, CMT, CTA
iShares Global Real Estate ETF
CGR-T
WEAK BUY
Apr 08, 2013
$21.910
Stock price when the opinion was issued
E.T.F.'s
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DON'T BUY
Don’t go beyond your chosen percent weighting. The MER is .65%, which is quite high. It is concentrated into about 10 different REITs. We have had ultra low interest rates for a long time and REITs do well in this environment. It is trading at lofty prices right now. He would not want to add any more here.
E.T.F.'s
COMMENT
Global REIT ETF. Been around for over 10 years. He wouldn't think of this ETF as a core holding. If you are a believer in a need for alternatives in your portfolio, a little uncorrelated from global equity markets or bond markets, then this one fits in. Overweight the U.S.. MER is on the higher side at 0.72. If you have an MSCI World or Global Equity ETF in your portfolio you probably already hold many of these securities. If you hold just a bit of Canada, then maybe a small weight in CGR can be a diversifier.
E.T.F.'s
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REITs. Should pay you 5% over the year. If the price risk is higher than 1 or 2% then that is where you have to be careful. This one looks expensive but he thought that a year ago. It would be higher risk for new money. Prefers CBO-T right now.