Betting Big on Beaten-Down REITs

It’s been a brutal run for REITs — but Hoya Capital’s David Auerbach is betting on a twist. The MSCI U.S. REIT Index has lagged the S&P by roughly 65 percent since the Fed began hiking rates in 2022 — after moving in lockstep for years. Auerbach says none of this has been wonderful… but now, he’s on his way. The Hoya Capital Real Estate CIO joined Bloomberg Open Interest with a bucket full of his contrarian thoughts. (Source: Bloomberg)