MainStay CBRE Real Estate has performed pretty well in the first year under its new parent, and we're now more confident in its updated process. The I and R6 shares earn an upgrade to a Morningstar Analyst Rating of Bronze, while the other share classes maintain at Neutral.
Will CRARX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CRARX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CRARX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CRARX’s parent organization’s priorities and whether they’re in line with investors’ interests.