Alternative Investments/Real Estate: Hoya Capital Launches High Dividend Yield ETF (RIET)

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This is Hoya’s second offering after the Hoya Capital Housing ETF (HOMZ).

ETF issuer and investment advisor Hoya Capital Real Estate announced the launch of the Hoya Capital High Dividend Yield ETF, which invests in 100 of the highest dividend-yielding real estate securities in the United States. (CISION PRNewswire)

Hoya Capital High Dividend Yield ETF (NYSE: RIET)

This new ETF tracks the Hoya Capital High Dividend Yield Index. It will pay monthly distributions from the income generated on investments in 100 high dividend yielding common and preferred securities issued by Real Estate Investment Trusts (“REITs”) and real estate operating companies.

The fund is also offering a sweetener to investors. It has lowered the net expense ratio to 0.25% from 0.50% until at least September 30, 2022, providing immediate value to investors at launch.

“RIET exclusively targets the income side of the real estate sector, making it the perfect complement to HOMZ, which seeks to invest in some of the fastest-growing real estate securities,” commented Alex Pettee, CFA, Director of Research at Hoya Capital. “With RIET and HOMZ, investors are now able to better align their portfolio with their specific investment objectives – whether it be higher income or higher growth.”

Premium yield

“RIET is particularly innovative because it achieves its premium yield not by going all-in on the riskier segments of the real estate sector, but rather by expanding and redefining the real estate investible universe,” said Professor Jonathan Morris of Georgetown University and founder of REIT Academy. “The diligently researched index selection process incorporates innovative exposure to both common and preferred stock, plus a well-crafted mix of exposure to real income-producing assets through its holdings in companies across the broader REIT universe.”

“When investing in real estate, investors should remember ‘I before E’ in RIET because Income Comes First,” suggested Hoya Capital CEO Sheila Pettee, CFA.

Related Story: Janus Henderson Launches Real Estate ETF

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