- Business
- SPDR Dow Jones International Real Estate ETF (RWX) is an exchange-traded fund that seeks to provide investment results, before fees and expenses, corresponding generally to the total return performance of the Dow Jones Global ex-U.S. Select Real Estate Securities Index. The fund employs a representative sampling strategy to track the float-adjusted market capitalization index, which measures the performance of publicly traded real estate securities in countries excluding the United States, including equity real estate investment trusts (REITs) and real estate operating companies meeting specific criteria; the index is reviewed and rebalanced quarterly on the third Friday of March, June, September, and December. Holdings comprise approximately 118 to 143 securities, with top allocations to companies such as Mitsui Fudosan Co. Ltd. (Japan), Scentre Group (Australia), Link Real Estate Investment Trust (Hong Kong), Unibail-Rodamco-Westfield SE (France), and SEGRO Plc (United Kingdom); sector exposure focuses on global real estate ownership and operations in commercial and residential properties, with leading country weights in Japan (approximately 31%), United Kingdom (13%), Australia (10%), Singapore (10%), and France (7%). RWX distributes dividends quarterly, maintains a gross expense ratio of 0.59%, and targets institutional and retail investors seeking diversified international real estate exposure outside the U.S.
Launched on December 15, 2006, and domiciled in the United States, RWX is managed by SSGA Funds Management, Inc., a subsidiary of State Street Global Advisors, with administrative services provided by State Street Bank and Trust Company in Boston, Massachusetts. The fund operates primarily on the NYSE Arca exchange under the ticker RWX (CUSIP: 78463X863), with assets under management around $290-320 million as of late 2025 and a portfolio turnover rate of approximately 7%.
In recent developments, State Street Global Advisors rebranded to State Street Investment Management in 2025, aligning with broader corporate restructuring while continuing to support the SPDR ETF lineup, including RWX; the firm also announced distributor changes for the Select Sector SPDR ETF franchise and partnerships such as with Galaxy Digital for tokenization initiatives and Dimensional Fund Advisors for UCITS ETF launches, though RWX remains unaffected by any noted liquidations or closures. No specific acquisitions, funding rounds, product launches, or index provider rebrands directly impacting RWX were reported in 2024-2025, with the fund maintaining stable tracking of its Dow Jones benchmark amid quarterly rebalances. Geographic operations span global ex-U.S. markets across developed and emerging regions, including Asia-Pacific, Europe, and select Latin American and African countries.