Fidelity Real Estate Investment has an experienced manager and solid track record, but its process has been hard to pin down. That combination earns it a Morningstar Analyst Rating of Neutral under Morningstar’s new ratings methodology, down from its previous Bronze rating.
Will FRESX outperform in future?
Get our overall rating based on a fundamental assessment of the pillar’s below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FRESX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FRESX 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 FRESX’s parent organization’s priorities and whether they’re in line with investors’ interests.