Charles Schwab Investment Management introduced its first real estate mutual fund, which is available in institutional and retail shares. The Schwab Global Real Estate Fund invests in real estate investment trusts, said Sondra Harris, Charles Schwab spokeswoman. Schwab bought real estate research firm Global Real Analytics in January to create strategies based on the firm’s research, Ms. Harris said.
The fund will be managed by Jeffrey Mortimer, senior vice president and CIO of equities; Dionisio Meneses Jr., managing director and portfolio manager and former senior manager of Global Real Analytics; and David Siopack, managing director and portfolio manager, and former senior manager of GRA.
