New York, NY — May 15, 2018 – Benchmark Investments, a leading investment intelligence firm, today announced the launch of the Real Estate SCTRSM Index Series. The series is designed to give direct real estate exposure by providing a daily measure of real estate equity level returns on a sector-by-sector basis including the data and infrastructure real estate sector.
Pacer ETFs has licensed the Benchmark Data & Infrastructure Real Estate SCTRSM Index (SRVRSCTR) to form the basis for a new ETF launching tomorrow trading on the NYSE Arca under the ticker SRVR. The SRVR index aims to provide an additional way of managing real estate exposure to companies that primarily are engaged in data storage and information management, data centers, fiber cables, wireless infrastructure, telecommunications towers, and diversified government solutions.
“The Data & Infrastructure Index, SRVR, was created specifically to capture the returns of the proliferation of computing devices that permeates every aspect of our lives embodied by the demand for data, software and services within the safety of a real estate platform,” said Bob Agahi, Benchmark Co-Founder and Managing Partner. “SRVR constituents are the foundation for disruptive technologies such as streaming, artificial intelligence, automation, blockchain and predictive analysis as people’s lives have only just begun to see the possibilities when it comes to the interconnection between cameras, phones, cars and ‘internet of things’ devices. Cisco predicts that 50 billion ‘things’ will be connected to the cloud by the end of the next decade and Benchmark’s SRVR Index captures the backbone of that demand.”