What is a closed-end fund? Closed-end funds (CEFs) are investment companies that pool the assets of shareholders to invest in a wide range of securities. There are two varieties, publicly traded and unlisted, and both are regulated under the Investment Company Act of 1940.  Publicly traded (traditional) closed-end funds issue a fixed number of shares...

Britain’s vote to exit the EU has caught markets wrong-footed. We saw firsthand the negative effects of the overhang of macro events earlier this year – China’s slowing growth, falling oil prices and Federal Reserve policy speculation.

This week’s chart focuses on why the commercial mortgage market’s strong health is expected to last throughout 2019.

This week’s chart depicts the impact of real interest rates on cap rates and looks at what may lie ahead for commercial real estate investors.

Significant opportunity The U.S. commercial real estate market represents a large investment opportunity with $5.8 trillion outstanding across property types and geographies.¹ $5.8T U.S. commercial real estate debt market¹ An income-driven asset class Income has been the primary driver of returns for commercial real estate debt with modest credit losses—even during the depths of the...

Is the easing of monetary policy spurring new housing construction? This week’s chart explores the connection and its potential impact on real estate investment.

See what factors have driven an increase in commercial real estate prices – across all sectors – and how the CRE market may develop going forward.

Are Fed rate cuts reinvigorating the U.S. housing market? This week’s chart highlights recently renewed confidence in the multifamily market.

CRE prices have risen in the past year despite the pandemic. This week’s chart looks at why and asks what it means for the next cycle.

Soaring commodity prices have stoked the inflation debate. Our chart looks at price inflation and suggests one takeaway could be higher volatility.