New RE oversaes fund...

[mickeyd]

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

 

[Brat]

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.

 

[al4trade]

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

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXOAEfDtS9.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.

 

[mickeyd]

From that Bloomberg article:

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

.

 

[Brat]

20%? So??

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

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

 

[wabmester]

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

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.

 

[Brat]

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.

 

[Delawaredave]

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 ?

 

[Nords]

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%?