SPDR Dow Jones International Real Estate ETF RWX excludes U.S. securities from its portfolio, which restricts its opportunity set and obscures its cost advantage. The fund should continue its volatile peer-relative performance, warranting a Morningstar Analyst Rating of Neutral.
Will RWX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RWX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the RWX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of RWX’s parent organization’s priorities and whether they’re in line with investors’ interests.