Neuberger Berman Real Estate
Steve Shigekawa and Brian Jones, who manage the Neuberger Berman Real Estate (MUTF:NREAX) fund, take an expansive approach to finding investment opportunities. They’ll consider the macro environment and regional trends. When analyzing individual companies, they’ll look at both earnings potential and the net asset values.
As a result, the portfolio includes some unexpected names, such as Rayonier (NYSE:RYN), which is a REIT that focuses on timber properties.
The electric strategy has worked out quite well. During the past year, the fund has returned about 16.85%. In fact, the average annular return for the past three years was 21.54%.