Value comeback: Equities; Managers are chipping away at real estate's dominance.(Special Report: Top-performing Managers)

Pensions & Investments, May, 2007

Byline: MARK BRUNO Value equity managers are striking back at real estate's recent dominance in Morningstar's Separate Account/CIT Fund Database. Three value equity strategies and four real estate strategies placed among the top 10 performers for the one-year period ended March 31, according to Morningstar.

In the previous quarter, eight of the top 10 strategies were real estate. "It might just be a product of real estate underperforming, rather than value or other strategies outperforming,'' said Steve Deutsche, Morningstar's director of separate accounts and collective investment trusts. Cohen & Steers Inc., New York, maintained its top spot in overall equity strategies. But although the Cohen & Steers European Real Estate strategy once again...

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