Join Early Retirement Today
Reply
 
Thread Tools Display Modes
New RE oversaes fund...
Old 11-04-2006, 11:13 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
New RE oversaes fund...

This article does not say that it is a REIT fund, so I guess that it is not. Maybe a REIT is an American idea. If it's promoting 20% returns, I'm guessing that there is a fair amount of risk involved. Wonder what the ER is/will be?

Morgan Stanley is raising an unprecedented $8 billion for a new high-yield real-estate fund that will invest in overseas markets, according to published reports.

The new fund, Morgan Stanley Real Estate Fund VI International, will pursue annual returns of at least 20%, reports said.


http://www.investmentnews.com/news.cms?newsId=2752
__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: New RE oversaes fund...
Old 11-04-2006, 01:28 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
Re: New RE oversaes fund...

Cohen & Steers has a couple intl REITs, all loaded unless you have a spare $100,000. Fidelity has one with similar holdings as well, no load, lower minimum, you get a hair cut if you leave before 90 days have passed.

Both are capital appreciation oriented, not much in the way of dividends. Not a smooth ride, but a nice one.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 02:42 PM   #3
Dryer sheet wannabe
 
Join Date: Aug 2006
Posts: 18
Re: New RE oversaes fund...

Here's a more informative link about the Morgan Stanley fund:

http://www.bloomberg.com/apps/news?p...9.Y&refer=home

The fund had significant fees in the form of aquisition fees, management fees & profit share - but they expect to produce 20% for the investor. I suspect that there is a substantial minimum investment and the investor must be "accredited" or "super accreditied" as defined by the SEC.
al4trade is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 03:29 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
Re: New RE oversaes fund...

From that Bloomberg article:

Quote:
Based on a standard management fee of 1.5 percent of capital committed, the new Morgan Stanley fund would generate $120 million annually in management fees alone. The actual fee on the fund wasn't disclosed
.

__________________
Part-Owner of Texas

Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx

In dire need of: faster horses, younger woman, older whiskey, more money.
mickeyd is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 04:06 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
Re: New RE oversaes fund...

20%? So??

http://finance.google.com/finance?q=FIREX

http://finance.google.com/finance?q=IRFIX
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 04:51 PM   #6
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: New RE oversaes fund...

Quote:
Originally Posted by Brat
Nice. But you know what Bernstein always says -- it ain't the stocks they pick, it's the asset class.

That fund is mostly large cap Chinese stocks. So far, I love my large cap Chinese index ETF, FXI.

wabmester is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 05:32 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
Re: New RE oversaes fund...

IRFIX is a too rich for my budget as I would need to part with $100T (paying loads in or out is against my religion).

I opted for FIREX. It doesn't seem to have as much a China concentration.

The class I was seeking is overseas commercial realestate with no concentration of hotel holdings. Office buildings, manufacturing facilities.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 06:32 PM   #8
Recycles dryer sheets
 
Join Date: Apr 2005
Posts: 184
Re: New RE oversaes fund...

Quote:
Originally Posted by Brat
I opted for FIREX. It doesn't seem to have as much a China concentration.
I have some FIREX too. Anybody have a feel how much these international real estate asset classes correlate against US REITS and/or US equities ?
Delawaredave is offline   Reply With Quote
Re: New RE oversaes fund...
Old 11-04-2006, 10:15 PM   #9
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
Re: New RE oversaes fund...

Quote:
Originally Posted by mickeyd
The new fund, Morgan Stanley Real Estate Fund VI International, will pursue annual returns of at least 20%, reports said.
Those slackers-- they couldn't set the bar at 50%?
__________________
*

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."

I don't spend much time here— please send a PM.
Nords is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Balance Mutual Fund per Mr Bogle Hillbilly FIRE and Money 26 04-08-2007 11:02 AM
Withdrawals From Target Retirement Type Fund yakers FIRE and Money 14 02-17-2007 07:01 PM
Fidelity recommendation johnbb FIRE and Money 26 10-22-2006 02:26 AM
Lingo: Stock fund vs Mutual Fund Sam FIRE and Money 9 05-26-2006 10:44 AM
Fund Comfort VS Return yakers FIRE and Money 2 11-01-2004 01:58 PM

» Quick Links

 
All times are GMT -6. The time now is 07:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.