REIT ETFs begin trading on Big Board

Real estate manager Adelante Capital Management’s Adelante Shares subsidiary and XShares Advisors introduced seven equal-weighted REIT ETFs, said Brooke Morganstein, spokeswoman for Adelante Shares. The Adelante Shares Real Estate Exchange-Traded Funds, which began trading today on the New York Stock Exchange, are based on specific sectors: U.S. non-residential and non-lodging property; REITs with conservative dividends; residential real estate; inflation-protected real estate; the fastest-growing REIT companies, based on funds from operations; undervalued REITs; and the largest 40 securities by market capitalization.