Dan McNeela Quotes (6 Quotes)

We're cautious, considering how well real estate funds have performed since the beginning of 2000. As much as some of the fundamentals look to be improving in real estate sub-sectors - for example, we've had sustained job growth, and that leads to greater demand for office and apartment space - we think price appreciation has largely outstripped the rate of change.

Natural-resources funds have been up and down thus far in 2001. In April, the category's 10 percent rise pulled the average return out of negative territory for the year. The White House has also contributed to the category's recent success with overtures about the need for increased exploration and production.

This fund had another disappointing showing in 2005. Its 4 gain ranked below 70 of its peers in Morningstar's large-cap growth category.

The most responsive group relative to potential near-term changes is the hotel sector. If the economy is expanding and business spending is picking up, so will business travel.

It's not an easy business to be in. The market is largely efficient. These funds will only do well if they find inefficiencies in the market and (are) able to exploit them to the point where they are more than compensating for the cost of executing those strategies.

It has a long track record (since 1990) and is generally the poster child for what you would want from a market-neutral fund.