First Bank System Inc. has rolled out a mutual fund designed to cash in on an expected upturn in the real estate market.

The fund, which invests in the publicly traded property management companies known as real estate investment trusts, is one of a rare breed. Only about 15 REIT mutual funds are registered with the Securities and Exchange Commission, according to the National Association of Real Estate Investment Trusts, a Washington trade group.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.