Welcome
@guster1212Not knowing, your query suggests you may want more exposure to this sector. Broad equity sector investments, as with SPY or SP-500 indexes indicates from 3-9% exposure to real estate.
The traditional REIT index and the "new" Colony Capital REIT index are different critters; based upon my informally trained view. The below link with let one review the "new" REIT benchmark, as well as the info at the MFO link provided by Ted. It appears these 2 benchmarks are destined to travel different real estate total returns over a long time frame.
Colony Capital REIT indexThis chart link provides a brief overview of returns for 3 real estate funds. Cohen and Steers is referenced, due to its long life of active managed real estate investments, as well as providing excellent returns. The Pimco fund is referenced in that I believe it still uses "magic sauce" to attempt to boost the return and FRIFX is referenced as it is mentioned in this thread. FRIFX is a stand alone for the most part in this investment style, as the fund has always traveled about a 50/50 mix of real estate related bond/equity holdings. I don't know of another real estate fund invested in this manner.
Magic sauce = derivatives, and other methods aside from the fund equity holdings.
PETAX, although listed as real estate, is a strange brew of other, too.
COMPOSITION here. ---Click PETAX for chart
PETAX CSRIX FRIFX chart from 2003 to dateBrief summary, IMHO; is that time will tell where the "new" real estate index will be of more or less value and how the folks at Doubleline play with whatever they are allowed to do to enhance the return over and above the benchmark. Course, there remains real estate indexes ( as with FSRNX which have an expense cost of .07%).
Sidenote: During the dark days of the market melt, from April, 2007 to April 2009; CSRIX dropped about -60% and FRIFX about -30%.
Et al. Please correct my understanding of the traditional and new REIT index/benchmark, as needed; or incorrect statements......didn't proof read this today.
My 2 cents worth. Away now, to college basketball.
Regards,
Catch