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M*: A Downgrade For This Once-Excellent Real-Estate Fund: (TAREX)
FYI: A manager loss, analyst turnover, and lingering parent concerns knock Third Avenue Real Estate Value's rating down to Neutral from Silver. Regards, Ted
I agree and I've owned it for a number of years. It's leading M*'s Global Real Estate category in pretty much every time period. Anyone have any recommendations for an alternative? Based on what I was able to screen at M* it doesn't really seem like there are any funds that do what they've done.
I actually think it might be worth waiting a bit to see how the remaining team does. There really isn't another global real estate fund quite like this one.
@MrRuffles: Thanks, I had to go out and get the linkester's helpers a Christmas gift or they threatened to quit. Can you imagine that ! In today's world its hard to find good help. Regards, Ted
Comments
Merry Christmas,
Ted
Regards,
Ted