Cohen & Steers Realty Shares
As InvestorPlace’s Chris Johnson noted in a recent post, real estate investment trusts also should benefit nicely from QE3. That industry is highly sensitive to changes in interest rates; and real estate looks on the road to recovery as is.
One fund to look at here is Cohen & Steers Realty Shares (MUTF:CSRSX), which manages $4.9 billion in assets.
The portfolio managers, which include Martin Cohen and Robert Steers, started the fund 21 years ago. The duo have a disciplined focus on finding values, but also make sure their REITs have strong rent potential. Some top holdings include Simon Property Group (NYSE:SPG), Vornado Realty Trust (NYSE:VNO) and Public Storage (NYSE:PSA).
Returns have been solid during their tenure, with an average annual gain of 10% in the past 15 years. That performance has earned a four-star Morningstar rating, and comes at a reasonable 0.96% in expenses … though the minimum investment is a sizable $10,000.
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