
The Vanguard Global ex-U.S. Real Estate ETF (VNQI) provides investors with cost-effective diversification outside the U.S., trading at attractive valuation multiples with a 4.6% yield. It offers exposure to over 700 international real estate investment trusts (REITs), with significant allocations in Japan, logistics, and emerging markets. As global real estate transaction volumes are expected to rise by over 10% in 2026 amid stabilizing interest rates, VNQI's recovery potential is increasing. This ETF is particularly suitable for tax-advantaged accounts and serves as a liquid, low-cost hedge against potential overvaluation in U.S. real estate markets.