Principal Global Investors has just announced the launch of the Principal Real Estate Active Opportunities ETF (BYRE). BYRE is semi-transparent and actively managed looking to focus on non-traditional property sectors in the U.S real estate market such as data centers, medical offices, and self-storage. A statement from Principal says, “Non-traditional sectors now represent 64% of the public REIT market as they almost doubled their share of the market cap from 2010-2020. And compared to traditional real estate sectors, non-traditional REITs have offered higher returns and higher growth over the last 10 years.”
BYRE is looking to offer investors exposure to an innovative strategy with diversification and higher returns.