BYRE Profile
BYRE
(Principal Real Estate ETF) is an exchange-traded fund (ETF) that
seeks to provide investors with exposure to the U.S. real estate
market. The ETF is managed by Principal Global Investors, a global
asset management company.
As a real estate ETF, BYRE invests
primarily in companies that are involved in the ownership,
development, and management of real estate assets in the United
States. The ETF seeks to track the performance of the Nasdaq US Real
Estate Index, which is a benchmark that tracks the performance of the
U.S. real estate market.
As of September 2021, the BYRE ETF had
total net assets of around $68 million and was invested in a
diversified portfolio of U.S. real estate companies. The fund's
holdings are managed by the investment professionals at Principal
Global Investors, who have extensive experience in managing real
estate-focused ETFs.
In terms of performance, BYRE has
delivered strong returns over the long term, with a focus on providing
investors with exposure to the U.S. real estate market. The ETF's
focus on U.S. real estate may make it a suitable option for investors
who are seeking to diversify their portfolio with exposure to this
specific sector of the economy.
Investors should keep in mind
that like all investments, BYRE carries risks, including the risk that
the U.S. real estate market may experience declines in its financial
performance or face regulatory or market challenges. Additionally, the
ETF charges a relatively low expense ratio of 0.35%, which is in line
with the average expense ratio for real estate-focused ETFs. Investors
should carefully consider their investment objectives and risk
tolerance before investing in BYRE or any other real estate-focused
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