5 Best ETFs to Invest In for Retirement

2. The Real Estate Select Sector SPDR Fund (NYSE:XLRE)

The Real Estate Select Sector SPDR Fund (NYSE:XLRE) is an exchange traded fund that invests at least 95% of total assets in securities on an index that tracks the performance of firms working in real estate management, development and REIT sectors. 

A flagship holding of the The Real Estate Select Sector SPDR Fund (NYSE:XLRE) is American Tower Corporation (NYSE:AMT), an REIT that invests in communications infrastructure. At the end of the fourth quarter of 2021, 53 hedge funds in the database of Insider Monkey held stakes worth $4.7 billion in American Tower Corporation (NYSE:AMT), compared to 61 in the previous quarter worth $4.4 billion. 

In its Q2 2021 investor letter, ClearBridge Investments highlighted a few stocks and American Tower Corporation (NYSE:AMT) was one of them. Here is what the fund said:

“On a regional basis, the U.S. and Canada was the top contributor to quarterly performance, of which U.S. communications company American Tower Corporation (NYSE:AMT) was one of the lead performers. American Tower is a leading independent owner, operator and developer of wireless and broadcast communications infrastructure. The company has 41,000 sites in the U.S. and a further 139,000 sites across 19 countries, predominantly emerging markets (India 75k, Latin America 40k and Africa 18k). American Tower Corporation (NYSE:AMT) performed well after the U.S. network operators announced plans to deploy 5G spectrum, with investment much larger and much sooner than the market was anticipating.”