With the Fed widely expected to continue trimming rates for the time being, the market has taken a shine to certain interest-rate sensitive investment vehicles, such as REITs.
We found two more REIT-focused closed-end funds which have benefited from market support in 2019: Neuberger Berman Real Estate Securities Income Fund (NRO),and Cohen & Steers Total Return Realty Fund (RFI).
Both funds primarily hold US securities. NRO has a 61%/39% split between real estate common and preferred equities, while RFI holds 83% in real estate common and preferreds, plus 17% in fixed