About IYR ETF
ETF Name: BlackRock Real Estate ETF
Sector: IYR invests 95% of its assets in Real Estate and the rest 5% in Technology.
Geography: IYR invests 100% of its assets in the U.S.
Fund Manager Name: BlackRock
ETF Description: IYR was among the first US real estate ETFs to be listed. It holds around 100 companies from the Dow Jones U.S. Real Estate Index and covers all the big names. Its overall portfolio characteristics and performance align fairly well with the benchmark.
What ETFdb says about it: Real estate has historically been embraced because of its ability to deliver excess returns during bull markets and low correlation with traditional stock and bond investments.
Why is that Kristal there: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. IYR has billions of assets under management and is among the most traded ETFs. The fee is high but is overlooked but close tracking, and high liquidity. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Fund Manager Description: Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
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