This week’s Barrons has an article about investing in global real estate (In Real Estate, It’s Time to Go Global”) in which five mutual funds were suggested:
|Kensington International Real Estate||KIRAX|
|Alpine International Real Estate||EGLRX|
|Cohen & Steers International Realty A||IRFAX|
|ING Global Real Estate A||IGLAX|
|Northern Global Real Estate Index||NGREX|
I’ve been interested in learning more about real estate funds and REITs ever since I made my purchase of the US-based REIT ICF some months ago and then divested of it after receiving advice from readers and realizing I was buying something I really didn’t understand. One reader more knowledgable than I recommended looking internationally instead.
The funny thing is that of the 5 mutual funds listed in the article, only three are really available to me as an individual investor. KIRAX is open to institutional investors only (and its sister funds KIRBX and KIRCX are available for redemptions only), as is IGLAX, and none of our 401(k) plans list these as an option. NGREX carries a transaction fee at Schwab. It’s also worth noting that many of these carry up to a 4.5-5.75% front load fee depending on your broker.