AXS Investments has formed a new ETF, the AXS Real Estate Income ETF (RINC), which seeks to track the performance of the Gapstow Real Estate Income Index (GREI) and is designed for investors looking for a differentiated source of high yield.
The RINC ETF marks the launch of the AXS partnership with Gapstow Capital Partners, which developed the fund’s underlying index. This proprietary index is designed to track publicly traded mortgage REITs (mREITs) that own and/or originate real estate debt. Unlike existing ETFs providing mREIT exposure, RINC is equally weighted by sector — 50 percent commercial real estate lending, 25 percent non-agency residential real estate debt and 25 percent agency residential real estate debt — with the mREITs within those sectors also equally weighted. The index rebalances quarterly to maintain its diversified exposure.
“We’re very excited to bring RINC to market as a unique offering within our range of alternative income-focused so