Manning & Napier Fd, Real Estate Series Class I (MNRIX)
Manning & Napier Fd, Real Estate Series Class I operates in the Asset Management industry of the Financial Services sector, headquartered in Fairport, NY. The stock last traded at $13.06, up 0.00% on the session, giving a market capitalisation of $249.2M. Its beta of 1.14 implies it has historically moved more than the broad market.
This investment aims to generate significant ongoing income and achieve substantial long-term capital growth. It accomplishes this by primarily channeling its investments into businesses operating within the real estate sector. Under typical market conditions, the fund will allocate a minimum of 80% of its total assets to securities issued by companies whose core activities are predominantly in real estate. This encompasses not only firms directly engaged in real estate but also those providing services to or otherwise connected with the real estate industry. A cap of 20% of the series' assets, assessed at the time of purchase, is placed on the fund's holdings in debt securities.
Manning & Napier Fd, Real Estate Series Class I is most often compared with the following Financial Services names: