Product Description
This month we revisit the top 50 real estate mutual funds for the trailing 12 months ended May 8. The top 13 funds are in positive territory, and of those, only six posted double-digit returns to shareholders. Nos. 14-50 funds are underwater by –0.78 percent to –7.77 percent. Clearly, the economic devastation wrought by the coronavirus pandemic has taken its toll on a real estate industry that had been on a tremendous run. Witness that in our January report the ranking’s cumulative one-year return was 21.2 percent, compared with a –1.59 percent one-year return for the current report. Source: Morningstar