The Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) fell 2.83% in Q2 on the back of a weak April, while the broader S&P 500 index gained 4.1%.
The fund saw a pullback in April as market participants significantly dialed back their interest rate cut expectations amid a hawkish Fedspeak, with XLRE retreating by 8.63% for the month.
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