No. of Recommendations: 4
Depending on your perspective about oil / war / inflation / property etc.
Today might not be a bad day to add some REITs. I picked up a tiny bit more IUKP, which is an ETF of UK REITs. It's quite useful if you feel like shopping but aren't sure exactly what to buy.
I noticed British Land, Segro, fell more than others like PHP (Primary Health). So there might be some advantage to more selective stockpicking.
IUKP as a whole isn't at all time lows, but, adjusting for a little inflation over the last year, it's very close. April 2025 is the only time it got meaningfully lower (TariffMania 25).
Other possibilities:
- There's also a trust called TRY that holds a mix of UK and EU REITs which might also be interesting.
- IPRP/IPRE or XDER might also be of interest. European REITs. IPRE/XDER are accumulation ETFs (no dividend), IPRP distributes. Yield is 2.7% vs the 4.4% after costs you can get on IUKP today.
- UKRE is an ETF with a quirk. It is 60% UK REITs and 40% index linked UK gilts, some of which seemingly have a monstrous yield presumably paid by capital decline.
TRS
No. of Recommendations: 0
Small correction to my earlier post - I think the yield today was closer to 4.6% than 4.4%.
I had taken the info from the iShares page, but it seems to calculate from yesterday's price, and there was a big move.
4.6% is *after* the 0.4% running cost on the ETF (which is outrageous, but, that's life) *and* after the withholding tax of 20%.
Plus you should get inflation-linked growth in that dividend over time, and hopefully, a little more.
IUKP is handy for short-term positions too, because Irish ETFs listed in London don't have stamp duty, and the spreads are great.
An Irish ETF might also be easier for other aspects of tax stuff depending on where you live and other aspects of your personal situation...
Equally, it may be worse. For example, Irish investors pay higher taxes on Irish ETFs than by UK companies directly, I believe.
TRS
