The latest SMA Finance analysis underlines that U.S. real estate ETFs are reclaiming the 100-day SMA, supported by softer long-term yields. Investors watch for a continued climb. Although it is difficult to track the formation of SMAs (bespoke portfolios of assets curated for sovereign, institutional, or high-net worth clients) given that these arrangements are bilateral and private, industry watchers broadly acknowledge that more investors are establishing SMAs to leverage long-standing relationships with managers and to increase their exposure to areas like co-investment, private credit and secondaries. The insurer has a market capitalization of $38.4 billion. The average volume of shares traded in the last three months was 1.6 million. Updated SMA Finance figures display financial sector ETFs hovering just above their 200-day SMA, reflecting investor balance between growth prospects and rate hike expectations.