Press release content from PR Newswire. The AP news staff was not involved in its creation.
SS&C ALPS Advisors Announces Active REIT ETF (REIT)
February 26, 2021 GMT
WINDSOR, Conn., and DENVER, Feb. 26, 2021 /PRNewswire/ SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that SS&C ALPS Advisors has partnered with GSI Capital Advisors and Blue Tractor Group to launch the ALPS Active REIT ETF (Nasdaq: REIT). The ETF provides access to an active and flexible real estate investment trust (REIT) investment strategy in a low-cost, tax-efficient ETF structure.
REIT investments provide income, portfolio diversification, and potential for long-term total return. The ALPS Active REIT ETF (Nasdaq: REIT) offers investors a research-driven, high conviction, flexible investment process and the ability to invest across the spectrum of both core and non-core REITs.
The Bank of Japan bought exchange-traded funds (ETFs) on Friday for the first time this month as Tokyo stock prices slumped, data showed, in a sign the central bank is becoming more flexible with its asset purchases.
By Reuters Staff
2 Min Read
TOKYO, Feb 26 (Reuters) - Japanese shares dropped on Friday, with the Nikkei on course to log its biggest fall since July, after a spike in global bond yields spooked investors already uneasy about the market’s stretched valuation.
Nikkei average fell 2.54% to 29,400.80, hitting its lowest level in almost three weeks. If sustained, it will be the biggest daily drop since July 31, when it fell 2.82%.
For now, the Nikkei managed to find a support at its 25-day moving average of around 29,200.
The broader Topix lost 1.98% to 1,888.02
Except one, mining shares, all of the Tokyo Stock Exchange’s 33 industry subindexes were in the red, with electronic machinery makers, pharmaceuticals and real estate companies also falling more than 2%.
Japanese shares slumped on Friday, logging their biggest daily decline in nearly a year, after a spike in global bond yields spooked investors already uneasy about the market's stretched valuation.