Top Picks 2016: iShares Cohen & Steers REIT
01/27/2016 7:00 am EST
Kevin Kennedy publishes a variety of newsletters covering small-caps, momentum stocks, and exchange-traded funds. Here's the Top Pick from his Coolcat ETF Report.
For conservative investors our Top Pick for The Coolcat ETF Report is iShares Cohen & Steers REIT (ICF), which tracks an index composed of US real estate investment trusts.
The ETF emerged at the top of my ETF qualifiers list at the beginning of December despite only being up 7% in the previous six months. As such, it's not too extended and worth a look.
This real estate investment trust has 30 holdings, with the top ten making up a hefty 56% of the index.
Retail REITs comprise 24% of the fund, followed by residential REITs at 21%. Its dividend yields 3.3%.