Neuberger Berman Real Estate Fund (NRREX)
Neuberger Berman Real Estate Fund operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $14.64, up 0.55% on the session, giving a market capitalisation of $508.9M. Its beta of 0.98 implies it has historically moved less than the broad market.
The fund primarily allocates a minimum of 80% of its total net assets to equity securities. These investments encompass real estate investment trusts (REITs), common stocks, and other equity instruments issued by real estate-focused companies. The fund's management considers a real estate company to be any entity that generates at least 50% of its income from real estate activities or has at least 50% of its assets in real estate. Up to 20% of the fund's net assets may also be invested in debt securities from such real estate enterprises. This portfolio is categorized as non-diversified.
Neuberger Berman Real Estate Fund is most often compared with the following Financial Services names: