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What does REIT stand for? It means Real Estate Investment Trust and is a entity designed to serve the interests of a group of real estate investors.
The ETF tracking error is the difference between the returns of the ETF and its reference index or asset. A non-zero tracking error therefore represents a failure to replicate the reference as stated in the ETF prospectus. The tracking error is computed based on the prevailing price of the ETF and its reference.