Real Estate Investment Trusts have suffered over the past year, thanks to rising interest rates, ending a seven-year rally, but there are still pockets of strength.
The CIO of Legg Mason’s Western Asset Management says that despite the prevalent view, inflation is not rising significantly, and the “reflation trade” has gotten ahead of itself. The best opportunities? Emerging market debt.
On an aggregate level, assets in so-called “smart beta” ETFs are much larger than those in active, leveraged and inverse ETFs. But the picture is more nuanced when broken down by asset class.
