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POMPANO BEACH, FLORIDA, December 13, 2023 – BioStem Technologies Inc. (OTC: BSEM), a leading regenerative medicine company focused on the development, manufacture, and commercialization of placental-derived biologics for advanced wound care, today announces the appointment of Mr. Thomas J. Dugan to the position of Chairman of the Board.
The REIT sector fell again in March with a -6.11% total return. Large cap (-1.99%) and mid cap (-4.56%) REITs saw modestly negative total returns in March, while small caps (-6.76%) and micro caps (-15.50%) were deeper in the red.
The REIT sector gave up most of January's big gains in February with a -6.18% total return. Small cap (-7.42%) and mid cap (-6.05%) REITs fell the furthest in February, with micro caps (-5.15%) and large caps (-4.74%) seeing smaller declines.
The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%).
The ETFB Green SRI REITs ETF (RITA) invests in stocks of companies that follow the values and teachings of Shariah law. While new, the index provides longer history. I will compare RITA to the unrestricted iShares Global REIT ETF (REET) to see how RITA's screening affected return and risk for investors.
After back-to-back negative return months at the start of the year, REITs began the recovery process in March with a +4.93% total return.
The passively-managed ETFB Green SRI REITs ETF (RITA) launched on NYSE Arca yesterday. The fund tracks and the index is composed of a portfolio of exchange-listed real estate investment trusts (“REITs”) in developed markets meeting the business, financial, socially responsible investing (“SRI”) criteria, and a number of green investing criteria.