REITs falling again (but not all) as bond vigilantes return
- BySeeking Alpha
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As of June 13, 2016, LMP Real Estate Income Fund Inc. has been acquired by Legg Mason Funds Trust - Clearbridge Real Estate Opportunities Fund. LMP Real Estate Income Fund Inc. is a close ended balanced mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity and fixed income markets of the United States. It seeks to invest in income-producing common shares, preferred shares, convertible preferred shares and debt securities operating in real estate sector, including the real estate investment trust. The fund invests in value stocks. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the MSCI U.S. REIT Index. The fund was formerly known as Real Estate Income Fund Inc. LMP Real Estate Income Fund Inc. was formed on May 16, 2002 and is domiciled in the United States.