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CBRE Clarion Global Real Estate Message Board

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  • edteekay edteekay Jul 2, 2008 8:11 PM Flag

    The only message you should read

    It's an international fund, hence, if the dollar rises, the dividends from the international REITs in the portfolio fall in terms of dollars. Since we get our dividends in dollars, a dollar rise drops the foreign dividends and IRG would not be able to pay out at the same rate. However, it's a minor effect. On the other hand a rising dollar, would be an adrenolin shot for the world economy as a whole. Unfortunately we've been printing dollars at an unprecedented rate to support wars and simultaneous tax cuts, so don't look for a big dollar rise any time soon. Perhaps just a a modest rally at first.

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