In Real Estate, It's Time to Go Global 6-4-07
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Created by Barrons
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Date updated:06-03-2007

From Barron's 6-04-07:

"Seven Fat Years. That's what investors in U.S. real-estate investment trusts enjoyed through 2006, as REITs perennially outpaced the broad stock market.

Given the state of the U.S. housing market and the concern about the subprime-mortgage morass, this unhappy trend is likely to continue. So, where's the best place for individual U.S. real-estate investors now? Probably abroad, especially if the dollar's weakness persists."

symbol name last price % change open
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  • NGREX
    Northern Global R
  • $5.80
  • -0.68%
  • $N/A

From Barron's 6-4-07: "NGREX is pegged to the FTSE EPRA/Nareit Global Real Estate index. The index covers 320 stocks, and NGREX, which touts itself as the first fund indexed to the global real-estate market, includes about 95% to 99% of them at any one time. Its holdings are roughly 30% Asian, 50% North American and 20% European, with REITs accounting for about 65% of its portfolio. As of May 30, the fund had net assets of $872 million and had achieved a year-to-date return of 5.8%. Admission is reasonable: The minimum investment is $2,500."

People owning NGREX also tend to own: EGLRXIGLAXIRFAXKIRAX

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  • +
  • KIRAX
    Kensington Intern
  • $14.66
  • 0.00%
  • $N/A

From Barron's 6-4-07: "KIRAX has returned 32% since its inception 13 months ago. Through May 30, it was up 6.7% this year, well above many peers. While the fund is young, Kensington itself has a solid history as a real-estate-investment manager. KIRAX currently has $248 million in assets under management; it's at a point in its growth where it has a bit of heft but also some agility. The fund buys companies with institutional-quality assets and active managements in markets as diverse as the U.K."

People owning KIRAX also tend to own: EGLRXIGLAXIRFAXNGREX

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  • +
  • EGLRX
    Alpine Internatio
  • $17.22
  • +0.58%
  • $N/A

From Barron's 6-4-07: "EGLRX has an easily crossed minimum-investment threshold of $1,000. It has returned an average of just under 28% over the past five years. This year, through May, the $1.58 billion fund was up 13.7%. Manager Sam Lieber likes private-equity-type investments, as well as stocks."

People owning EGLRX also tend to own: AAGPXAAPLBACBRLDOEBAYGOOG

TheStreet.com Rating: No Rating What is this?

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  • IRFAX
    Cohen Steers Inte
  • $9.66
  • -1.23%
  • $N/A

From Barron's 6-4-07: "The biggest name in the real-estate mutal fund has performed solidly in its short two-year life, with a 7.14% return year-to-date and a 2006 total return of 43.9% (the fund's front load is 4.5%). Like Alpine, the price of admission is just $1,000. Unlike Alpine, the $3.8 billion fund favors blue-chip realty stocks in Europe, Australia and Asia."

People owning IRFAX also tend to own: CNEEGLRXABIYXAEGFXCHKDNVYXIGT

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  • IGLAX
    Ing Global Real E
  • $12.14
  • -1.22%
  • $N/A

From Barron's 6-4-07: "IGLAX has $1.46 billion in net assets. It returned 5.33% this year through May, while offering a 4.01% yield. Its five-year average return is 25.2%. (Its front load is 5.75%.) The fund's hallmark is consistency: Its three-year return is 29.8%. IGLAX -- which has an entry point of $1,000 -- invests primarily in international blue-chips, from U.S. majors like Simon Property (SPG) to Japanese giants like Mitsui Fudosan (8801.Japan) -- a good foundation to build on."

People owning IGLAX also tend to own: AACFXDFEDPCAXDWMEVCGXEWDEWK

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Portfolio not tracked!

06/07/2007 10:29 AM CDT Asked by live4golf
IGR is another good one that also has a good yield.

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