First Small Cap REIT ETF Debuts: ROOF

IndexIQ, the issuer perhaps best known for its hedge fund replication ETFs, rolled out the latest addition to its growing suite of small cap lineup today: the IQ U.S. Real Estate Small Cap ETF (ROOF). The new product will be the first to offer exposure exclusively to small cap U.S. REITs, seeking to replicate the IQ US Real Estate Small Cap Index. That benchmark includes about 35 individual securities with a weighted average market capitalization of just over $1 billion; the underlying index is constructed by taking the bottom 10% of the market capitalization of U.S. REITs, subject to certain minimum market capitalization and average daily trading volume restrictions. ROOF becomes the 17th ETF in the Real Estate ETFdb Category, but the first to focus only on small cap stocks. That distinguishing feature may give the new ETF a unique risk/return profile; small cap REITs have put together an impressive [...] Click here to read the original article on ETFdb.com. Related Posts: May ETF Roundup: Launches, Filings, and Closures Time For A Real Estate ETF? The Definitive Guide To Real Estate ETFs: Real Estate ETF Investing 101 Is the Time REIT for Real Estate ETFs? Three ETFs To Watch This Week: EWL, GTIP, RSUN