Home etfexpress.com ETFMG launches Real Estate Tech ETF

ETFMG launches Real Estate Tech ETF

ETF issuers ETF Managers Group has announced the launch of the ETFMG Real Estate Tech ETF (NYSE Arca: HHH).

The firm writes that HHH is the world’s first ETF designed to give pure-play exposure to global technology companies that are digitally transforming the real estate industry to optimise the way people research, rent, buy, sell, insure and manage property.

The process of renting, buying or selling both residential and commercial property can be aided with the use of technology, the firm says. Real estate transactions historically have tended to be slow and expensive, making the sector ripe for disruption. HHH provides investors with unique exposure to the technology companies streamlining historically inefficient activities such as, property marketing, buying/selling/renting, mortgage origination and underwriting, loan servicing, title insurance, appraisal and settlement, and escrow and closing.

“The real estate industry is on fire, and property technology is adding the fuel,” says Sam Masucci, CEO and Founder of ETFMG. “As the largest asset class in the world, the intersection of real estate and technology is only natural. HHH is the first of its kind to provide global exposure to the companies bringing disruptive technology to real estate.”

HHH tracks the Prime Real Estate Technology Index, an index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of real estate technology companies.

“The relentless advancement of technology has transformed almost every major industry, but the multi-trillion-dollar real estate industry has been virtually untouched, until now,” says Kris Monaco, Managing Partner and Co-Founder of Prime Indexes. “The Prime Real Estate Technology Index captures this profound change, and we are excited once again to partner with ETFMG as it launches another first-to-market investment product.”
 

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