Federal Reserve officials paused their series of interest-rate hikes
Policymakers on Wednesday left rates in a range of 5% to 5.25%, taking their first breather in a 15-month hiking campaign that included four jumbo-sized 75-basis-point increases last year.?
Officials began moderating the pace of policy tightening in December, and delivered quarter-point hikes at each of the first three meetings this year.
Asian stocks?climbed?Thursday after the Fed’s pause and China’s cut to a key lending rate to support its struggling economy.
The dollar rose.?
MAMAA shares that increased?on June 14, 2023?by an average of 0.52% with an average dividend yield of 0.27%
We show how equity Real Estate Investment Trusts, the world's best asset class, closed Wednesday, June 14, 2023 with our optimized quant pooling index approach in dividing the index into four elements, fire for the top 10 performers, water for the best 10 components according to their dividend yield, earth for the top 10 best market capitalized mortgage REITs and air for the entire 182 eREIT components.
Our top 10 performers achieved a one day performance of 2.46% on Wednesday, June 14, 2023 with an average annual dividend yield of 3.19%
Our top 10 best eREIT components according to their market capitalization reached a one day performance of 1.07% on Wednesday, June 14, 2023 with an average annual dividend yield of 4.08%
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Our weighted eREIT ETFs reached a one day performance of 0.42% on Wednesday, June 7, 2023 with an average annual dividend yield of 3.54%
Compared with MAMAA stocks that actually offer an average annual dividend yield of 0.27% all 182 equity Real Estate Investment Trusts that averaged an annual dividend yield of 4.61% are objectively 17 times less expensive and can be considered as a strong buy.
Compared with MAMAA stocks that actually offer an average annual dividend yield of 0.27% all 10 equity Real Estate Investment Trusts Exchange-Traded Funds that averaged an annual dividend yield of 3.54% are objectively still another 13 times less expensive and can also be considered as a strong buy.
Nevertheless, we consider that the creation of private ETFs that include all 182 elements of equity Real Estate Investment Trusts would outperform the 10 equity Real Estate Investment Trusts Exchange-Traded Funds.
The rapid growth of index investing has given rise to concerns they could reduce the incentives for competition at the companies they own, or weaken proxy voting pressure on corporate directors.
John Bogle himself had become critical of the power of the behemoth he created.
In a November opinion piece in The Wall Street Journal, Bogle warned the continued growth of Vanguard, BlackRock and State Street would become problematic.
We think that decentralized asset management cooperatives like what John Bogle created in 1975 as the Vanguard Group would be an optimal solution to create more wealth and prosperity.
We wish you all a great and happy Thursday!
Kind regards
Lucas