FTSE property index
*Its full title is the FTSE EPRA/NAREIT index, which is a mouthful for anyone.
FTSE stands for Financial Times/Stock Exchange, EPRA for the European Public
Real Estate Association and NAREIT for the National Association of Real
Estate Investment Trusts.
The FTSE EPRA/NAREIT Global Real Estate Index Series is designed to
represent general trends in eligible real estate equities worldwide.
Relevant real estate activities are defined as the ownership, disposure
and development of income-producing real estate.
The index series includes a range of regional and country indices,
Dividend+ indices, and a REITs and Non-REITs series. In response
to market demand, FTSE Group has also expanded the series to
include two new innovative benchmarks, The FTSE EPRA/NAREIT
Property Sector Index Series and the FTSE EPRA/NAREIT Investment
Focus Index Series.
[Via Market.view: The weighting game,
Economist.com, May 27th 2007.
Property’s strong run is not represented in portfolios.]