Partnership Brings Wells REIT to Access Variable Insurance Trust
The Wells REIT Index Fundseeks investment results that correspond to the performance of the S&P REIT Composite Index, which currently holds 101 REIT investments in the New York Stock Exchange, American Stock Exchange and NASDAQ, according toDoug Mayer, Regional Vice President for Wells Real Estate Funds. These investments are spread across all three REIT property types:
- equity REITs
- mortgage REITs
- hybrid REITs
The fund normally invests at least 95% of assets in stocks of real estate investment trusts (REITs) that are included in the S&P REIT Index in approximately the same proportions as the index itself. Rydex Global Advisors serves as the sub-advisor of the fund.