In Brief: T. Rowe Price Starts Realty Company Fund

T. Rowe Price Associates has created a mutual fund that invests mostly in real estate companies.

The T. Rowe Price Real Estate Fund is aimed at investors seeking long- term capital appreciation and current income who can accept the greater risk of price declines inherent in a narrowly focused fund.

The no-load fund will invest in real estate investment trusts and operating, development, management, and financing companies but will not own real estate directly.

Price is promoting the fund as an inflation hedge, since real estate tends to appreciate during periods of inflation.

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