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IFGL

iShares International Developed Real Estate ETF (IFGL)

Rating:61Neutral
Price Target:$21.50â–²(3.76% Upside)

IFGL, the iShares International Developed Real Estate ETF, has a solid but not outstanding overall rating, reflecting a mix of strong and weaker real estate holdings across developed markets. High-quality names like Mitsui Fudosan, Sun Hung Kai Properties, Segro, and Sumitomo Realty support the fund’s rating with robust financial performance, positive momentum, and generally reasonable valuations, while weaker positions such as Goodman Group, Vonovia, and HK:0823, which face bearish trends, leverage or cash flow concerns, and profitability challenges, hold it back. The main risk factor is that the ETF is concentrated in the real estate sector internationally, so it is sensitive to property market cycles, interest rates, and regional economic conditions.

Positive Factors
Global Real Estate ExposureThe fund invests in developed-market real estate across many countries, giving investors broad international property exposure instead of relying on a single region.
Country DiversificationHoldings are spread across several major markets like Japan, Australia, the UK, Singapore, and others, which helps reduce the impact if one country’s real estate market struggles.
Mix of Strong and Steady Top HoldingsSeveral of the largest positions have shown strong or steady performance, helping support the ETF’s overall results despite some weaker names.
Negative Factors
Sector Concentration in Real EstateMost of the portfolio is tied to the real estate sector, so the fund can be highly sensitive to property market cycles, interest rates, and economic slowdowns.
Notable Weakness in Some Key HoldingsA few of the top positions have been weak or lagging this year, which can drag on the fund’s performance if those stocks do not recover.
Moderate Expense RatioThe fund’s fees are not extremely high but are meaningfully above the cheapest index ETFs, which slightly reduces the net return investors take home over time.

IFGL vs. SPDR S&P 500 ETF (SPY)

AUM
75.66M
Region
Developed Markets
Expense Ratio
0.50%
Beta
0.50
Issuer
iShares
Inception Date
Nov 12, 2007
Dividend Yield
4.60%
Asset Class
Equity
Index Tracked
FTSE EPRA Nareit Developed x US

IFGL Summary

The iShares International Developed Real Estate ETF (IFGL) tracks the FTSE EPRA Nareit Developed ex US Index, giving you exposure to real estate companies in developed countries outside the U.S., such as Japan, Australia, and the UK. It holds well-known property groups like Goodman Group and Mitsubishi Estate Company, which own and manage offices, warehouses, malls, and other buildings. Investors might consider IFGL to diversify their portfolio with global real estate and potentially earn income from rents and property growth. A key risk is that real estate values and this ETF’s price can go up and down with global property markets and interest rates.

How much will it cost me?

The iShares International Developed Real Estate ETF (IFGL) has an expense ratio of 0.48%, meaning you’ll pay $4.80 per year for every $1,000 invested. This expense ratio is slightly higher than average for ETFs because it is passively managed but focuses on a niche sector—international real estate—which requires specialized tracking and exposure to diverse markets.

What would affect this ETF?

The iShares International Developed Real Estate ETF (IFGL) could benefit from global urbanization trends and infrastructure development in developed markets outside the U.S., as well as potential growth in demand for commercial and residential properties. However, it may face challenges from rising interest rates, which can increase borrowing costs for real estate companies, and economic slowdowns in key regions like Japan, Germany, and Hong Kong, where its top holdings are concentrated.

IFGL Top 10 Holdings

IFGL is a pure play on developed-market real estate outside the U.S., and its story right now is a tug-of-war between rising and lagging property giants. UK-based Segro and Hong Kong’s Sun Hung Kai are helping to prop up returns, with steady to rising momentum that reflects resilient demand for logistics and prime urban assets. On the other side, Australia’s Goodman Group and Germany’s Vonovia are losing steam, dragging on performance as sentiment cools around pricey industrial and highly leveraged residential names. With heavy exposure to Japan, Europe, and Hong Kong, the fund is globally diversified but firmly anchored in international real estate, not tech or consumer themes.

IFGL top ten holdings
NameCompany NameWeight %Market ValueMarket CapYearly GainOverall Rating
AU:GMGAU:GMGGoodman Group5.62%$4.28MAUD 53.26B-24.37%54Neutral
JP:8802JP:8802Mitsubishi Estate Company4.08%$3.10MJPY 4.43T15.51%71Outperform
JP:8801JP:8801Mitsui Fudosan Co3.86%$2.94MJPY 4.12T-4.60%78Outperform
HK:0016HK:0016Sun Hung Kai Properties2.68%$2.04MHKD 307.74B14.62%74Outperform
GB:SGROGB:SGROSegro plc (REIT)2.54%$1.94MGBP 12.20B31.48%75Outperform
DE:VNADE:VNAVonovia2.10%$1.60MEUR 14.03B-40.34%56Neutral
JP:8830JP:8830Sumitomo Realty & Development Co2.08%$1.58MJPY 2.97T-3.11%76Outperform
HK:0823HK:0823Link Real Estate Investment1.94%$1.48MHKD 100.81B-6.77%55Neutral
AU:SCGAU:SCGScentre Group1.96%$1.50MAUD 18.12B-16.79%70Outperform
CH:SPSNCH:SPSNSwiss Prime Site AG1.89%$1.44MCHF 10.04B9.54%62Neutral

IFGL Technical Analysis

Technical Analysis SentimentNeutral
Last Price20.72

Price Trends

50DMA21.46Negative
100DMA21.90Negative
200DMA22.52Negative

Market Momentum

MACD-0.24Negative
RSI46.55Neutral
STOCH62.61Neutral

Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For IFGL, the sentiment is Neutral. The current price of 20.72 is above the 20-day moving average (MA) of 20.56, below the 50-day MA of 21.46, and below the 200-day MA of 22.52, indicating a neutral trend. The MACD of -0.24 indicates Negative momentum. The RSI at 46.55 is Neutral, neither overbought nor oversold. The STOCH value of 62.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IFGL.

IFGL Peer Comparison

Comparison Results

IFGL against its peer funds
NamePricePrice TargetAUMExpense RatioOverall Rating
IFGLIFGL$20.72$21.50(3.76% Upside)$75.66M0.50%61Neutral
PABDPABD$68.40$80.49(17.67% Upside)$321.09M0.12%65Neutral
LCTDLCTD$58.40$68.37(17.07% Upside)$316.03M0.22%65Neutral
FEDMFEDM$64.87$74.64(15.06% Upside)$85.36M0.12%68Neutral
ERETERET$27.21$31.98(17.51% Upside)$12.87M0.30%66Neutral
PBWNPBWN$24.31$30.96(27.34% Upside)$970.48K0.14%67Neutral

Performance Comparison

0%10%20%IFGLPABDLCTDFEDMERETPBWNNov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IFGL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IFGLiShares International Developed Real Estate ETF20.72-1.75-7.78%
PABDiShares Paris-Aligned Climate MSCI World ex USA ETF68.406.3010.15%
LCTDBlackRock World ex U.S. Carbon Transition Readiness ETF58.406.2111.91%
FEDMFlexShares ESG & Climate Developed Markets ex-US Core Index Fund ETF64.869.3816.92%
ERETiShares Environmentally Aware Real Estate ETF27.210.281.02%
PBWNPortfolio Building Block World Ex US Industrials ETF24.31-0.68-2.71%
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer

This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.