June 25, 2021
(Bloomberg) — Raging real estate prices have sent investors pouring into exchange-traded funds tracking the industry’s gains.
The sector’s ETFs are on pace for their best month of inflows since at least 2014, with almost $3.9 billion added, according to data compiled by Bloomberg.
BlackRock’s iShares U.S. Real Estate ETF (IYR) has already taken in $2.5 billion in June, putting it on track for its best month ever. Another BlackRock fund — the iShares Global REIT ETF (REET) — is headed for its best month of inflows since 2017.
Historic stimulus measures by central banks around the world and an economic recovery that’s gaining speed are pushing up prices in…