Not enough money to be a land baron? Why not invest in real estate funds instead?
Real estate. Whether it comes in the form of dirt, shopping malls or apartment complexes, it's the stuff we love to own-and it's been known to reward some investors. If owning property outright isn't your thing, real estate funds just might be.
Look down Lipper's roster of fund types, and real estate funds are one of the few offering their investors plus-side returns this year. At the end of the third quarter, the average performing fund in that category was up 3.03 percent-not too shabby considering the overall stock market. At the top of the real estate performance list is the Alpine Realty Income and Growth fund. Through October 1, the fund was up 13.41 percent; for the past three years, its average annual total return was 19.86 percent.
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