"Whether people want to hedge their own exposure, or start their kids investing in an index that will keep up with property prices, it would work the same, " he says. Joye says this listed product should arrive on the ASX next year.
"We're working with the ASX to list a security that covers an index of Sydney housing, which will give investors exposure to the performance of residential real estate but, more importantly, will give them the low volatility of the index.
Wednesday, 4 August 2010
Exchange Traded Residential Real Estate Fund
According to the article Class Divide: Property vs Shares, in 2011 (next year) there will be a security that you can buy on the ASX that will allow you to track Sydney house prices.