First Asset REIT Income Fund
While the Fidelity offering above has the biggest emphasis on large caps, this fund is the most focused on small cap names. The average market cap of the companies and REITs in this fund is significantly lower than any of the other funds on the list. The focus is predominantly Canada, but it can invest up 30% abroad. At the end of March, it held about 10% in the U.S. Launched in late 2010,...
Read MoreFidelity Global Real Estate Fund
Of the other real estate funds I have reviewed this month, there are two things that differentiate it. First, it is the most globally diversified, with less than 5% invested in Canada. The manager, Steve Buller, tends to keep his country allocations within a pretty tight range. Second, it is also the most large cap focused fund discussed, with a market cap well in excess of the others....
Read MoreDynamic Global Real Estate Fund
As the name suggests, this fund is very global in nature, with nearly two-thirds invested abroad. It is managed by Oscar Belaiche and Tom Dicker using their “Quality at a Reasonable Price” approach that looks for real estate companies and REITs that have strong balance sheets, and excellent management teams with “skin in the game”. The portfolio is diversified, holding more than 50 names, with...
Read MoreCI Global Health Sciences Corporate Class
After a heck of a run, the fund has been selling off in the past month or so. If you have held this fund for a while and haven’t taken profits recently, I would strongly urge you to do so, as valuations have certainly become very rich. I expect that we will see more downside in the coming weeks. By taking some money off the table, you can help protect some of the gains you’ve seen in the past...
Read MoreBrandes Global Small Cap Fund
This deep value offering from Brandes had a very strong quarter, gaining nearly 9%, outpacing both the index and its peer group. The management team follows a very disciplined and repeatable process that looks to buy companies that are trading a significant discounts to their true value. While this process may result in periods of underperformance, over the long-term, I expect it can to deliver...
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