While I wholeheartedly agree with his disdain for AOD and AGD, I don't quite agree with his "(I'm) not surprised by the relative strength in Alpine Global Premier Properties Fund (AWP) in Friday’s aftermath". I don't see much strength in the 6 month chart. Go to
Pick 6 month timeline, add "compare to" the DOW, SPY, NASDAQ, the REIT mutual fund CGMRX (which I also own), and add 100 and 200 DMA trendlines. You will see that AWP has underperformed every index (hard to believe!), and we're currently ~ 15% under both DMA's.
The biggest difference between CGMRX and AWP is that 95% of CGM's portfolio is in North America, while AWP is a global real estate fund, only 33% in North America. That's why it's been hit so hard, comparatively speaking, it's way more exposed to the problems in the Euro-zone and Asia.
I highly recommend CGMRX for REIT exposure, it's rated 5 stars by Morningstar, and is the #1 fund over almost any time period you look at, see
i'm still waiting for you to tell me how you feel about AWP using DO for div capture, an oil driller in a real estate fund (per the 3/31/10 fact sheet). that got you exposure to the spill in the gulf.
you also didn't respond to my suggestion that the div capture on NLY was likely a complete failure. take one year yahoo interactive chart, hit events, hit dividends, and what do you see ? not a successful div capture chart.
my recommendation is sell AWP asap and roll the funds into RWR and RWX.