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VanEck’s New Contrarian Office Fund Hits Immediate Bump

Exchange-Traded Fund Betting on Eventual Property Sector Turnaround Gets Quick Challenge
The day after VanEck launched its newest exchange-traded fund, pegged to the performance of office real estate investment trusts, W.P. Carey said it would pull out of the office sector, causing a drop in the market value of the fund, which includes this property in The Woodlands, Texas. (CoStar)<br>
The day after VanEck launched its newest exchange-traded fund, pegged to the performance of office real estate investment trusts, W.P. Carey said it would pull out of the office sector, causing a drop in the market value of the fund, which includes this property in The Woodlands, Texas. (CoStar)
CoStar News
September 25, 2023 | 9:43 P.M.

Investing money in the office sector now might mean putting up with a few bumps in the road, global mutual fund and exchange-traded fund manager VanEck saw quickly.

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