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11-04-2006, 11:13 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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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
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Part-Owner of Texas
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In dire need of: faster horses, younger woman, older whiskey, more money.
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Re: New RE oversaes fund...
11-04-2006, 01:28 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
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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.
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Duck bjorn.
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Re: New RE oversaes fund...
11-04-2006, 02:42 PM
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#3
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Dryer sheet wannabe
Join Date: Aug 2006
Posts: 18
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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.
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Re: New RE oversaes fund...
11-04-2006, 03:29 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,671
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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
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__________________
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.
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Re: New RE oversaes fund...
11-04-2006, 04:06 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
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Re: New RE oversaes fund...
__________________
Duck bjorn.
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Re: New RE oversaes fund...
11-04-2006, 04:51 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,459
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Re: New RE oversaes fund...
Quote:
Originally Posted by Brat
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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.
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Re: New RE oversaes fund...
11-04-2006, 05:32 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,111
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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.
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Re: New RE oversaes fund...
11-04-2006, 06:32 PM
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#8
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 184
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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.
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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 ?
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Re: New RE oversaes fund...
11-04-2006, 10:15 PM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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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.
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Those slackers-- they couldn't set the bar at 50%?
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