Real estate ETF launches on Tokyo Stock Exchange

10/22/2008 | IndexUniverse.com

Japan launched an exchange-traded fund that focuses on real estate and will trade on the Tokyo Stock Exchange. It is the second ETF for real estate investment trusts listed in Tokyo for local investors. Many industry experts estimated that the real estate market has hit bottom, with the Japanese REIT market down 49% for the past year, according to AME Global REIT Indexes.

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