Janus Henderson U.S. Real Estate ETF Q3 2025 Commentary
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Janus Henderson Investors3.6K FollowersFollow5ShareSavePlay(6min)CommentsSummaryU.S. equity markets hit record highs over the quarter, as markets welcomed the Fed's 25-basis-point rate cut in September.The Fund returned 3.55% and the FTSE Nareit Equity REITs Index returned 4.77%.Financing conditions for REITs notably improved over the quarter, with many accessing the bond markets as base rates came down.We exited an office landlord given earnings growth risks related to its funding of large upcoming development projects.Our team is looking to add positions in high quality businesses that we feel have been left behind in the recent “risk on” market rally. PM Images/DigitalVision via Getty Images At a glance Performance The Fund returned 3.55% and the FTSE Nareit Equity REITs Index returned 4.77%. Contributors/detractors Non-benchmark holdings in homebuilder D.R. Horton (DHI) and real estate services provider CBRE (This article was written byJanus Henderson Investors3.6K FollowersFollowJanus Henderson Investors exists to help clients achieve their long-term financial goals. Formed in 2017 from the merger between Janus Capital Group and Henderson Global Investors, we are committed to adding value through active management. For us, active is more than our investment approach – it is the way we translate ideas into action, how we communicate our views and the partnerships we build in order to create the best outcomes for clients. While our investment managers have the flexibility to follow approaches best suited to their areas of expertise, overall our people come together as a team. This is reflected in our Knowledge. Shared ethos, which informs the dialogue across the business and drives our commitment to empowering clients to make better investment and business decisions.www.janushenderson.com