MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 15, 2008 Are REIT Funds on a Cinderella Run? Rejoice REIT firms: Last year's laggards may be becoming this year's darling. The WSJ reports that the average REIT lost 14 percent in 2007, but this year so far the average REIT has gained 5.6 percent. "The Cinderella story for the year is REIT funds coming back," Lipper senior anaylst Tom Roseen told WSJ's Daisy Maxey. Keith Pauley, CIO of LaSalle Investment Management, attributed the funds' new popularity to improvement in the credit markets and strong earnings in Q1 for certain REITs. Printed from: MFWire.com/story.asp?s=18247 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |