US real estate stocks are struggling amid fears of tighter lending standards and commercial real estate headwinds. The
$Dow Jones Equity REIT Index(.DJR.US)$ fell 1.55%, compared to the
$S&P 500 Index(.SPX.US)$'s strong 16% return for the year.
Abandoning REITs
Fund managers are piling out of REITs, with positioning showing a "capitulation" to Lehman/GFC levels, BofA strategist Michael Hartnett wrote.
"REITs (are) most fascinating t...