S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Investing

ETF Launch: Japanese REIT ETF (NTRS, JRE)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Northern_trust_logoNorthern Trust (NASDAQ: NTRS) has announced the launch today of the first exchange traded fund (ETF) that is dedicated to the Real Estate Investment Trust sector in JAPAN.  The underlying stock holding this REIT ETF will be comprised entirely of the components in the Tokyo Stock Exchange REIT Index. NETS(TM) Tokyo Stock Exchange REIT Index Fund (Japan) now trades on the NYSE under the "JRE" stock ticker. 

According to the data in the release about this, Japanese real estaterepresents over 10% of investment opportunities in the global realestate market.  This is under Northern Trust’s NETS(tm) program, itsNorthern Exchange Traded Shares(tm).  This will be the sixteenth NETSproduct, but is the first which is exclusively dedicated to the JapaneseREIT sector.

The Tokyo Stock Exchange REIT Index is a market capitalization weightedindex of all REITs listed on the Tokyo Stock Exchange. The index is aprice return index and was assigned a base index value of 1000 as ofMarch 31, 2003.  From its launch date to its peak in mid-2007 the indexrose to above 2,500 and Bloomberg now lists this index at 1,196.40. 

Many of the ETF’s listed in the NETS program are still very thinly traded ETF’s with low average daily volume.

Jon C. Ogg
September 8, 2008

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Another Group of ETF’s Bite The Dust (NTRS, AUS, BRU, SNO, FRC, DAX, HKG, IQE, TAV, ITL, TYI, AEX, LIS, SGT, JNB, LDN, MYG, JRE)

Northern Trust Corp. (NASDAQ: NTRS) has announced today that the group plans to close the Northern Exchange Traded Shares (NETS)…
Douglas A. McIntyre |

ETF Launch: NETS DAX Index Fund (DAX, NTRS)

The American Stock Exchange has launched an ETF called the NETS DAX Index Fund by Northern Trust Global Investments, an…
7 Top ETFs to Buy For Huge Passive Income In February
John Seetoo |

7 Top ETFs to Buy For Huge Passive Income In February

While most citizens in general are hurt by higher interest rates and their correspondingly higher product and service prices due…
Got $10,000 To Invest: Is DIA, IW or REIT ETFs A Buy? 
John Seetoo |

Got $10,000 To Invest: Is DIA, IW or REIT ETFs A Buy? 

24/7 Wall Street Insights Exchange Traded Funds offer a stock market type platform to invest in various indexes  REIT ETFs…
These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000
John Seetoo |

These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000

Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and…
Douglas A. McIntyre |

Finally, An ETF For Ireland & The Irish Americans (NTRS, IQE)

Northern Trust Corp. (NASDAQ: NTRS) has announced that its Global Investments asset management arm of Northern Trust, has launched the…
Jon C. Ogg |

PIMCO Close to Mortgage REIT Market IPO (PIMR, IVR, NLY, CIM)

PIMCO is about to compete as a real estate investment trust in the world of mortgage REITs.  It only makes…
Too Many People Just Buy SPY, These Are The ETFs I’d Own Instead
Vandita Jadeja |

Too Many People Just Buy SPY, These Are The ETFs I’d Own Instead

The exchange-traded fund industry is booming right now. Investors are flocking towards ETFs, and they’ve become one of the most…
Unlock $10,000 Annual Passive Income with Strategic Schwab ETF Investments
David Moadel |

Unlock $10,000 Annual Passive Income with Strategic Schwab ETF Investments

When your cash hoard grows big enough, you can start planning out your passive income streams. To that end, Schwab’s…

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618