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3 Real Estate Mutual Funds That are Worth Your Attention

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Investing in the real estate sector adds stability to one’s portfolio, mainly because volatility in property prices is far lower than what is experienced by stocks. So, investors willing to hold long-term positions would do well to consider real estate mutual funds as these add stability and bring in steady returns. This category of funds also offers superior protection against inflation.

Below we share with you three top-rated real estate mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Fidelity International Real Estate Fund (FIREX - Free Report) invests the majority of its assets in common stocks of foreign companies. The fund normally invests in securities of companies engaged in the real estate industry as well as other real estate related investments. FIREX has three-year annualized returns of 11.8%.

As of the end of July 2021, FIREX held 94 issues, with 5.91% of its assets invested in Vonovia SE.

Manning & Napier Real Estate Series Class S (MNREX - Free Report) aims for high current income and long-term capital growth by investing primarily in companies in the real estate industry. The fund invests at least 80% of assets in securities of companies that are directly engaged in the real estate industry as well as in industries serving or related to the real estate industry. MNREX has three-year annualized returns of 12.4%.

Elizabeth H. Mallette is one of the fund managers of MNREX since 2013.

Fidelity Real Estate Investment Portfolio (FRESX - Free Report) fund aims for above-average income and long-term capital growth, which is consistent with reasonable investment risk. This non-diversified fund invests primarily in common stocks. The majority of FRESX’s assets are invested in securities of companies, principally engaged in the real estate industry and other real estate-related investments. FRESX has three-year annualized returns of 11.5%.

FRESX carries an expense ratio of 0.74% compared with the category average of 1.08%.

To view the Zacks Rank and past performance of all real estate funds, investors can click here to see the complete list of funds.

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