Global X Japan Launches Global X Logistics REIT ETF, Tracking Solactive Index
FRANKFURT AM MAIN – The logistics industry is one of the main pillars of international trade, with over 5.7 trillion euros worth. The logistics industry provides services of acquisition, management, storage, and transportation, having logistic facilities as an essential part of it. The change in the economic scenario, with globalization and digitization, brings great potential to this industry. Only retail e-commerce – which is heavily dependent on logistics- sales worldwide reached around 5.2 trillion U.S. dollars and are estimated to grow by 56 percent over the next years, to 8.1 trillion dollars by 2026. At the same time, real estate companies had an income of 9.5 billion U.S. dollars in 2021 and their CAGR is forecast to increase by 4.8 percent between 2021 and 2030. Envisaging the large potential of these trends combined, Solactive is pleased to announce that Global X Japan launched the Global X Logistics REIT ETF, tracking Solactive Logistics REIT Index.
This index tracks the major international companies that have business operations in the field of logistic facilities. To be eligible for inclusion, the companies must be classified under any of the following subindustries: Industrial and Warehouse Equity REITs and Multi-Type Equity REITs. The index includes up to 30 stocks and is weighted by market capitalization with a single security cap of 20%.
Timo Pfeiffer, Chief Markets Officer at Solactive, comments: “The new product offers exposure to an industry that shows an upwards trend in terms of growth for the next years. Besides, the focus on income attached to REIT investments can be particularly attractive during economic cycles characterized by rising rates and inflation. We are very happy to have partnered with Global X Japan for their first global portfolio and wish to continue the collaboration in the future.”
Jooyoung Yun, CIO at Global X Japan, says: “In addition to existing Japan logistics REITs ETF, global logistics REITs product can also offer another attractive investment opportunity to Japanese and global investors. We are proud to provide innovative REITs solution with income and growth characteristics.”