US-based WisdomTree Investments, Inc has announced that WisdomTree’s Global ex-U.S. Real Estate Fund (DRW) has been restructured into WisdomTree’s New Economy Real Estate Fund (WTRE).
Listed on the NYSE, WTRE seeks to track the price and yield performance, before fees and expenses, of the CenterSquare New Economy Real Estate Index (CSNERE), and the total expense ratio is 0.58 per cent.
WisdomTree’s New Economy Real Estate Fund provides investors with access to real estate companies that have exposure to technology, science and/or e-commerce related business activities such as data centers, telecommunication towers and logistics warehouses.
“The WisdomTree New Economy Real Estate Fund represents an exciting opportunity at the intersection of thematic investing and real estate by providing investors with access to the technology-focused real estate sector poised for expected growth in an efficient, transparent and straightforward way,” says Jeremy Schwartz, Global Chief Investment Officer at WisdomTree. “From the rise in e-commerce sales necessitating the build out of supply chain infrastructure to the pandemic accelerating the existing robust and growing need for data storage, it’s clear technology-focused businesses within real estate have only grown in their impact.”
To capture this thematic investment opportunity within WTRE, WisdomTree has licensed the CSNERE from CenterSquare Investment Management LLC (CenterSquare), a global investment manager that has developed a proprietary “technology score,” which scores real estate and real estate related companies on a scale from one-10 on their positive sensitivity to technology. Companies with a score less than seven are eliminated from the CSNERE.
“CSNERE applies more than 25 years of REIT investment experience to a rules-based security selection process that filters the global universe to identify those real estate and real estate related securities best positioned to capture the favorable demand patterns of the new economy,” says Scott Crowe, Chief Investment Strategist at CenterSquare. “We are excited to be working with WisdomTree to offer investors access to this compelling investment approach.”
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