This week, Sears (SHLD) and General Growth Properties (GGP) announced that they have entered into a real estate joint venture, bringing the REIT industry into the spotlight. To highlight this deal, we have chosen the Fidelity® Series Real Estate (FREDX) as this week’s fund of the week.
Inside the Fund
The fund was launched in 2011 and is managed by Samuel Wald. Currently, it has about $1.2 billion in assets under management (AUM).
This fund is composed primarily of REITs of various types that are based in the U.S.
Over 30% of the fund’s portfolio is composed of its top five holdings. These holdings are mostly positive YTD.
|Symbol||Stock||Portfolio Weight||2015 Performance|
|SPG||Simon Property Group||12.20%||+7%|
|ESS||Essex Property Trust||4.91%||+10%|
|SLG||SL Green Realty||4.66%||+7%|
The Bottom Line
For investors seeking exposure to the REIT industry, this fund may prove to be a well-rounded choice.
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