International Real Estate Funds
Roger Nusbaum submits: Last September I wrote an article for TheStreet.com pooh-poohing the RMR Asian Pacific Real Estate Fund (AMEX: RAP - News). This was a bad call.
Lately I have been learning about, and warming up to the idea of adding a little bit of of international real estate, probably not RAP however, to client portfolios.
I am trying to learn about the various products out there. Alpine has a CEF (NYSE: AWP - News) and an OEF (NASDAQ: EGLRX - News). StateStreet has the SPDR DJ Wilshire Intl Real Estate ETF (AMEX: RWX - News). There is the ING Clarion Global Real Estate Fund (AMEX: IGR - News), Cohen & Steers Worldwide Realty Income (NYSE: RWF - News) and WisdomTree has an ETF (AMEX: DRW - News) that came out on Tuesday, and could yield in the mid-threes or higher. Read More
