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Even though real estate has been through tough times recently, securities from this sector should continue to be an integral part of portfolios with a long term horizon. Over the years, mutual funds from this category have continued to perform favorably. They offer a convenient method to invest in real estate because of low initial investment requirements and the advantage of professional management. Investors willing to hold long term positions would do well to consider these funds as they add stability and bring steady returns to a portfolio.
Below we will share with you 5 top rated real estate mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all real estate funds, investors can click here to see the complete list of funds.
ING International Real Estate A (IIRAX - MF report) invests most of its assets in equity of companies involved in real estate and related activities. A minimum of 65% of its assets are invested in foreign securities which may include securities from emerging markets. The diversified real-estate mutual fund returned 31.51% over the last one year period.
Joseph P. Smith is the Fund Manager and he has been managing this real estate mutual fund since 2011.
Forward Real Estate Long/Short A (KSRAX - MF report) seeks capital growth on a long-term basis and total return. The fund invests majority of its assets in REITs and real estate companies. Investments are made on a global basis including emerging nations and frontier market nations. The non-diversified real-estate mutual fund returned 20.38% over the last one year period.
The real estate mutual fund has an expense ratio of 1.72% higher than category average of 1.35%.
Fidelity International Real Estate (FIREX - MF report) invests majority of its assets in foreign securities. Investments are parked after evaluating certain parameters. These include evaluation of the company’s financial condition and its industry rank within its peers. The non-diversified real-estate mutual fund returned 41.81% over the last one year period.
Guillermo de las Casasis the fund manager and he has managed this real estate mutual fund since 2010.
VALIC Company I Global Real Estate (VGREX - MF report) seeks capital growth on a long-term basis with total return and current income. The fund invests most of its assets in equity of companies involved in real estate and related activities. The diversified real-estate mutual fund returned 25.35% over the last one year period.
As of May 2013, this real estate mutual fund held 105 issues, with 4.38% of its total assets invested in Mitsui Fudosan Co., Ltd.
PACE Global Real Estate Securities A (PREAX - MF report) invests majority of assets is parked in companies related to real estate industry. Investments are made worldwide, but usually, apart from investing in domestic companies, investments are made in three other countries. The real-estate mutual fund is non-diversified and has returned 23.70% over the last one year period.
The real estate mutual fund has an expense ratio of 1.45% in line with category average
To view the Zacks Rank and past performance of all real estate mutual funds, investors can click here to see the complete list of funds.
About Zacks Mutual Fund Rank
By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.