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Article: Neuberger fund embraces commercial Reits. (Commentary).
- Article from:
- Investment News
- Article date:
- September 23, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Following a typical boilerplate allocation strategy, it always makes sense to have at least 10% of just about any portfolio invested in real estate.
And it is times like these, with the Standard & Poor's 500 stock index down more than 27% through last Thursday and closing in on a third consecutive negative year, when real estate becomes suddenly less boring.
The dividends alone provided by real estate investment trusts average 6.7% annually. And dividends, combined with performance, have produced an annualized total return for Reits of about 12% over the past 20-years.
Last year, the National Association of Real Estate Investment Trusts ...