Seven New Mutual Funds Put Focus on Real Estate
Gould, Carole, THE JOURNAL RECORD
Talk about a land rush: seven mutual funds focusing on real estate have sprung up so far in 1994, doubling the group's size.
Among them is CGM Realty, the first fund started by G. Kenneth Heebner, one of the industry's top-performing managers. Franklin Investments, Columbia, Crabbe Huson, American Capital, Evergreen and Pioneer also have new funds.
All invest in an assortment of real estate investment trusts, or REITs, which are publicly traded companies that manage portfolios of real estate investments and other real estate-related stocks, like home builders.
"You've got a number of bright people saying that real estate is an asset class that makes …
Questia, a part of Gale, Cengage Learning. www.questia.com
Publication information: Article title: Seven New Mutual Funds Put Focus on Real Estate. Contributors: Gould, Carole - Author. Newspaper title: THE JOURNAL RECORD. Publication date: August 16, 1994. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.