Cheigh: Rising rates are good for REITs

06/11/2013 | InvestmentNews (free registration)

Rising interest rates are not necessarily detrimental to REITs and can, in fact, be beneficial, according to John Cheigh, portfolio manager at Cohen & Steers. Rising rates indicate a healthy economy, he says. "When we look at the history of REITs, they've done well in periods of an expanding economy. REITs don't like low rates and bad growth."

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