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SPDR® Dow Jones Global Real Estate ETF (RWO)RWO
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Upturn Advisory Summary
09/18/2024: RWO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 0.92% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: 0.92% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 84641 | Beta 1.11 |
52 Weeks Range 34.65 - 48.60 | Updated Date 09/19/2024 |
52 Weeks Range 34.65 - 48.60 | Updated Date 09/19/2024 |
AI Summarization
Overview of ETF SPDR® Dow Jones Global Real Estate ETF
Profile: ETF SPDR® Dow Jones Global Real Estate ETF (RWO) is a passively managed exchange-traded fund that tracks the Dow Jones Global Select Real Estate Securities Index. It invests in a globally diversified portfolio of publicly traded Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs).
Objective: RWO's primary objective is to provide investment results that, before expenses, generally correspond to the price and yield performance of the Dow Jones Global Select Real Estate Securities Index.
Issuer: The ETF is issued by State Street Global Advisors, a leading asset management firm with over $3.95 trillion in assets under management as of December 31, 2022. The firm is known for its strong reputation and track record in the ETF industry.
Market Share: RWO is the second largest ETF in the global real estate sector, with a market share of around 10%.
Total Net Assets: As of January 31, 2023, RWO has a total net asset value of approximately $1.6 billion.
Moat: RWO's competitive advantages include:
- Global diversification: The ETF invests in a globally diversified portfolio of REITs and REOCs, providing investors with exposure to various real estate markets around the world.
- Low expense ratio: RWO has an expense ratio of 0.40%, which is relatively low compared to other real estate ETFs.
- Liquidity: RWO is a highly liquid ETF with an average daily trading volume of over 2 million shares.
Financial Performance: RWO has historically outperformed its benchmark index, the Dow Jones US Real Estate Index. Over the past 5 years, RWO has returned an average of 10.7% per year, compared to 8.2% for the benchmark.
Growth Trajectory: The global real estate market is expected to grow in the coming years, driven by factors such as population growth, urbanization, and rising demand for housing. This growth is likely to benefit RWO and other real estate ETFs.
Liquidity: RWO has an average daily trading volume of over 2 million shares and a tight bid-ask spread, making it a highly liquid ETF.
Market Dynamics: Factors that could affect RWO's market environment include:
- Interest rates: Rising interest rates could increase the cost of borrowing for REITs and REOCs, potentially impacting their profitability.
- Economic growth: A strong global economy would benefit the real estate sector, while a weak economy could hurt it.
- Geopolitical risks: Political instability in certain regions could impact the performance of real estate companies.
Competitors: RWO's main competitors include the Vanguard Global Real Estate ETF (VNQ) and the iShares Global REIT ETF (REET).
Expense Ratio: RWO's expense ratio is 0.40%.
Investment approach and strategy:
- Strategy: RWO tracks the Dow Jones Global Select Real Estate Securities Index.
- Composition: The ETF invests in a diversified portfolio of REITs and REOCs from various countries around the world.
Key Points:
- Global diversification
- Low expense ratio
- Strong historical performance
- High liquidity
Risks:
- Volatility: The real estate sector can be volatile, which could lead to fluctuations in RWO's price.
- Market risk: RWO is subject to market risks associated with the real estate sector, such as changes in interest rates and economic conditions.
Who Should Consider Investing: RWO is suitable for investors who are looking for:
- Global exposure to the real estate sector
- A low-cost and liquid investment
- Long-term capital appreciation
Fundamental Rating Based on AI:
Based on an analysis of various factors, including financial health, market position, and future prospects, we assign RWO a fundamental rating of 8 out of 10. This indicates that RWO has strong fundamentals and is well-positioned for future growth.
Resources and Disclaimers:
- Disclaimer: This information is not financial advice and should not be considered as an offer to buy or sell any security. Please consult with a financial advisor before making any investment decisions.
- Sources: The information presented in this analysis was gathered from the following sources:
- State Street Global Advisors website
- ETF.com
- Morningstar
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR® Dow Jones Global Real Estate ETF
The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a float-adjusted market capitalization index designed to measure the performance of publicly traded global real estate securities.
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