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Real Estate Funds Bounce Back

After an absence of several months, real estate funds moved back into August's penthouse. With a 4.46% gain on average, they reclaimed the top spot among sectors, according to Lipper.

It was their first top finish since January. It ended a three-month skid in last place.

Among all sectors, real estate was hurt the least by latest fallout from the subprime lending meltdown and credit crunch. It had already had a meltdown of its own, having skidded 11.21% the past three months to be down 7.48% for the year. That's the worst among sectors.

Investors figured out that most real estate funds' holdings weren't hurt in August by the residential mortgage-oriented crisis, said Richard Imperiale, manager of the $51million Forward Progressive Real Estate Fund FFREX.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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