Grab These 3 Spectacular Real Estate Mutual Funds

This post was originally published on this site

For investors looking to park their money in the real-estate sector, mutual funds are the cheapest and most-convenient options. This category of funds offers solid protection against inflation.

Load Error

The real-estate sector recently saw tough times but the presence of this investment vehicle generally adds stability to a portfolio. This is because volatility in property prices is far less than the extent experienced by stocks. Adding such funds to a widely-diversified portfolio would increase returns while significantly reducing the associated risk.

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

MFS Global Real Estate Fund Class A MGLAX aims for total return. The fund invests majority of assets in equity securities of U.S. and foreign real estate-related investments. MGLAX has three-year annualized returns of 7.3%.

Richard R. Gable is the fund manager of MGLAX since 2009.

Cohen & Steers Real Estate Securities Fund, Inc. Class A CSEIX invests majority of assets in common stocks and other equity securities issued by real estate companies. The non-diversified fund aims for total return. It mostly invests in common stocks. CSEIX has returned 5.7% in the past three years.

As of the end of December 2020, CSEIX held 43 issues, with 6.88% of its assets invested in American Tower Corp.

TIAA-CREF Real Estate Securities Fund Retirement Class TRRSX seeks maximum total returns over the long run through growth of capital and current income. TRRSX invests a large chunk of its assets in companies primarily involved in operations related to the real estate domain. The fund may invest a maximum of 15% of its assets in securities issued by foreign entities. TRRSX has three-year annualized returns of 8.2%.

TRRSXcarries an expense ratio of 0.75% compared with the category average of 1.18%.

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

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>

Continue Reading

Related Posts