Real estate investment trusts haven’t worked as a defensive bet this year. Why REITs might continue to underperform, according to Wells Fargo
October 11, 2022 at 16:00 PM EDT
Investors often view real estate investment trusts as a defensive asset in a sinking stock market, but REITS are struggling in 2022 as investors look for places to hide in a year market rocked by soaring inflation and rising interest rates, according to Wells Fargo Investment Institute.