Added RIET To My Personal Portfolio
And then there were three.
Just a brief note for today.
On September 22, Hoya Capital Real Estate, a research-focused investment advisor with expertise in real estate securities, released its second ETF, the Hoya Capital High Dividend Yield ETF (RIET).
I had the opportunity to be among the first, if not the first, ETF-focused author to review this ETF.
My familiarity with Hoya Capital goes back a couple of years, to 2019. I reviewed its first ETF, the Hoya Capital Housing ETF (HOMZ). Two years later, I reviewed it again, and subsequently added a small allocation in my personal portfolio.
Today, I decided to take advantage of the market weakness to add a small allocation of RIET as well. Currently, then, I hold 3 real-estate related securities in my portfolio. My largest position is Vanguard Real Estate ETF (VNQ). As of today, VNQ comprises some 71% of my overall real-estate position, with 24% in HOMZ and now roughly 5% in newcomer RIET.
How Did I Come To This Decision?
Simply put, HOMZ has been a strong performer since its 2019 debut. While RIET comes from a different place, as can clearly be seen I liked enough of what I saw to at least dip my toe in the water. In particular, I plan to track how the combination of HOMZ’s growth potential and RIET’s income potential track against the overall performance of VNQ. Likely, that will lead to an article someday.
Photo by Étienne Beauregard-Riverin on Unsplash
As I have mentioned previously, I have decided that, while I will write ETF- and portfolio-related articles for various websites, including TheStreet.com, Seeking Alpha, and ETFMonkey.com, all updates related to my personal portfolio will be discussed exclusively right here, on my Substack newsletter.
Thanks for reading, and I hope to be back talking with you soon.
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Happy investing!