Dow Jones Indexes, Wilshire Associates, and Wells Real Estate Funds have announced the launch of Wells' newest mutual fund, the first licensed to track the Dow Jones Wilshire Global Real Estate Securities Index.The Wells Dow Jones Wilshire Global RESI Index Fund marks the first time the full global RE securities index -- including publicly traded securities of about 240 real estate operating companies and real estate investment trusts in 24 countries -- has been licensed for an investment product, the companies said. The new mutual fund will seek to provide corresponding investment results by investing in the stocks included in the index. "We're seeing an explosion of interest in REITs and other investment vehicles around the world," said Leo Wells, president of Wells Real Estate Funds. " .... [T]wo dozen countries have created, or are considering, REIT-like structures for investors. We think the time is right to bring this global opportunity to Wells investors." The companies can be found online at http://www.djindexes.com, http://www.wilshire.com, and http://www.wellsref.com.
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