Global real estate ETFs recommendations from Rob Carrick

In his Globe and Mail column, Rob Carrick talks about following the same investment strategy as the Canada Pension Plan since it's a good model of safety. While investing in private equity is hardly (idea a model of safety in my opinion, diversifying in global real estate is a great idea. That's something I had not done so far. As you've seen in my recent posts, I am increasing my international holdings. Here's the recommendation from the article:

SPDR DJ Wilshire International Real Estate ETF and DJ Wilshire REIT ETF

Notes: The SPDR Wilshire ETF offers exposure to real estate stocks and real estate investment trusts in markets around the world, but not the United States (Canada accounts for 7.3 per cent of its assets). The American market is too big to ignore, so put about $2,000 into the DJ Wilshire REIT, which holds U.S.-based REITs, and the rest into the global ETF. The DJ Wilshire fund is a bargain thanks to an MER of 0.25 per cent, while the SPRDR fund's MER is 0.6 per cent.

There's a TSX-listed ETF that focuses on REITS in the Canadian market, but it's not an ideal choice here because it lacks global diversification. This is a major consideration right now because Canadian REITs have had a sharp runup in price lately and may offer less upside than global peers.