2017年1月8日 星期日

房產信託(REIT)：VNQ / VNQI / RWX 初探 (as of 12/31/2016)

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  1. 均衡人生5個球(Brian Dyson: work, family, health, friends and spirit)
  2. ２０１７ETF投資計畫模擬參考 (Investment Policy) X 心態致勝(Mindset: The New Psychology of Success
  3. 房產信託(REIT)：VNQ  / VNQI  / RWX (頁192) <<你沒學到的巴菲特：股神默默在做的事>> 作者：闕又上







房產信託(REIT)：VNQ  / VNQI  / RWX 

　 Expense Ratio
 VNQ (Vanguard REIT Index Fund ETF Shares)  0.12%
 VNQI (Vanguard Global ex-U.S. Real Estate Index Fund ETF Shares)  0.18%
 RWX(SPDR® Dow Jones International Real Estate ETF)  0.59%

Vanguard REIT ETF VNQ is by far the largest real estate exchange-traded fund, with more than $30 billion in assets, and it's also one of the cheapest, with an expense ratio of 0.12%....   Read full Analyst Report 

Investment Objective and Strategy
The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The adviser attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.





Vanguard Global ex-US Real Estate ETF

 VNQI
Vanguard Global ex-U.S. Real Estate ETF VNQI is a suitable option for investors seeking diverse, low-cost exposure to foreign real estate securities. This broad, market-capitalization-weighted...   Read full Analyst Report 

Investment Objective and Strategy
The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the S&P Global ex-U.S. Property Index, a float-adjusted, market-capitalization-weighted index that measures the equity market performance of international real estate stocks in both developed and emerging markets. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs) and certain real estate management and development companies (REMDs). It is non-diversified.





SPDR® Dow Jones International RelEst ETF

 RWX
SPDR Dow Jones International Real Estate ETF RWX offers exposure to foreign real estate but has a much higher fee than competing exchange-traded funds. This broad, market-capitalization-weighted...   Read full Analyst Report 

Investment Objective and Strategy
The investment seeks to provide investment results, before fees and expenses, correspond generally to the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Indexsm. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. The index is a float-adjusted market capitalization index designed to measure the performance of publicly traded real estate securities in countries excluding the United States. The fund is non-diversified.





VNQI, RWX 基金表現(as of 12/31/2016)





VNQ, VNQI 基金表現(as of 12/31/2016)





  • 綠角財經筆記: 晨星使用指南---基金搜尋與資料解讀續(How to Use Morningstar)
    Trailing Total Returns，分別有基金近一天、近一週、近一個 月、近三個月、今年到目前為止、近一年、三年、五年與十年的表現。 這個Total Return就是我們最常用來看基金表現的方法，一般所說的 基金績效就是指這點。但是，對絕大多數的基金來說，Total return是言過其實的誇大之詞。為什麼?因為Total Return是一種 Time-weighted return，假設投資人從一開使就買進沒賣，會拿到怎樣的報酬。 事實上，投資人進進出出，而且通常在低點出，高點進。在波動大的基金，特別是如此。所以，投資在某支基金的全體投資人的報酬，通常都比Total Return低。 
  • 綠角財經筆記: 沒有未來的過去
    投資人什麼時候會情緒亢奮?就是當他看到一個投資標的過去亮眼表現的時候。
    當他看到一年30%，50%，或是一個月10%的報酬率時，他開始興奮了。他開始想像，假如我在月初投入100萬，一個月就賺10萬了。想像即將”化為己有”的報酬，是這個世上僅次於海洛因的成癮性毒品。
    為什麼是毒品，因為有害。
    為什麼成癮?因為儘管有害，投資人仍是樂此不疲、反覆為之。
    ”那是過去的報酬”的理性聲音，已經完全消沒在亢奮情緒的漩渦中。
    投資人買進需要的是一種感動，一種衝動。被過去亮麗表現所感動，興起一股想要這樣報酬的衝動。
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