Janus Henderson U.S. Real Estate ETF Q3 2024 Commentary
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Janus Henderson U.S. Real Estate ETF outperformed the FTSE Nareit Equity REITs Index in Q3 2024, with a return of 17.21%. CBRE Group contributed positively, while Wyndham Hotels & Resorts detracted. The Federal Reserve's rate cuts are not seen as an inflection point for U.S. real estate.
November 29, 2024 | 10:00 am
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POSITIVE IMPACT
CBRE Group was a top contributor to the Janus Henderson U.S. Real Estate ETF's outperformance in Q3 2024.
CBRE Group's positive impact on the ETF's performance indicates strong operational results, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Janus Henderson U.S. Real Estate ETF outperformed the FTSE Nareit Equity REITs Index in Q3 2024, driven by strong performance from CBRE Group.
The ETF's strong performance relative to the benchmark index and the positive contribution from CBRE Group suggest a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wyndham Hotels & Resorts detracted from the Janus Henderson U.S. Real Estate ETF's performance in Q3 2024.
Wyndham's negative contribution to the ETF's performance suggests challenges that may negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60