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I wouldn't invest in it because it's probably one of the most volatile (this just being based upon past performance) plays on real estate. The turnover is not really a concern, I believe, because it's so derviative-based (I believe the fund invests in derivatives based upon a real estate company index, then invests the collateral in various bonds, similar to Pimco's Commodity Real Return fund and commodities, which is run by the same manager.)
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