Top Real Estate Equity Funds

• By Swarup Gupta
• On 5:20 pm EST, Friday November 6, 2009

Today we are featuring top-performing Real Estate' equity mutual funds, which primarily invest in equity securities of real estate companies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Real Estate Equity Funds.

3 Excellent Examples

Forward Select Income A (KIFAX) was incepted in March 2001. The investment seeks high current income and potential for modest long-term growth of capital.

The fund invests primarily in securities of companies in the real estate industry, such as real estate investment trusts, master limited partnerships and other real estate firms. The fund invests at least 80% of its net assets in income-producing securities.

Shareholders have to make a minimum initial investment of $2,000 to enter this Zacks#1 Rank (Strong Buy) fund. It has an expense ratio of 1.77%.

Joel S. Beam has been Lead Manager of the fund since March 2001. Prior to joining Kensington, Beam was with Liquidity Financial Advisors, Inc.

MSIF Inc. Euro Real Estate A (MSUAX) seeks to provide current income and long-term capital appreciations. It was incepted in October 1997.

The fund primarily invests in equity securities of companies in the European real estate industry. It invests at least 80% of its assets in equity securities of companies in the European real estate industry. As of June 2009, its portfolio turnover was 56%.

The fund has an expense ratio of 0.90%. Shareholders have to make a minimum initial investment of $5,000,000 to enter this Zacks#1 Rank (Strong Buy) fund.

Theodore R. Bigman has been Lead Manager of the fund since January1999. Bigman has been with Morgan Stanley since 1995, and is a managing director with the firm.

Third Avenue Real Estate Value (TAREX) long-term capital appreciation. It was incepted in September 1998.

The fund normally invests at least 80% of its assets in securities of real estate and real estate related companies, or in companies, which own significant real estate assets at the time of investment. The fund may also invest a portion of its assets in debt securities in real estate companies that have above average yield potential.

The fund's key holdings include Henderson Land Development, Brookfield Asset Management and Wheelock & Co Ltd. It has an expense ratio of 1.20%.

Michael Winer has been Lead Manager of the fund since September 1998. Winer holds the Certified Public Accountant (CPA) designation.

Discover Many More Funds

Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.

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