ADVFN - Advanced Financial Network.
HOME» NYSE » B » BXP Stock Price » BXP Stock News

Boston Properties Share News

 Boston Properties, Inc. Stock Price
BXP Stock Price
 Boston Properties, Inc. Stock Chart
BXP Stock Chart
 Boston Properties, Inc. Stock News
BXP Stock News
 Boston Properties, Inc. Company Information
BXP Company Information
 Boston Properties, Inc. Stock Trades
BXP Stock Trades

TIP SHEET: Thrivent Fund Moves To Resources From Real Estate

(This article was originally published Friday.) --Fund has moved from real estate to commodities and energy stocks --Fund manager David Francis seeks returns in oilfield services, fertilizer, seed companies --Focus is on indirect exposure to commodities markets By Jerry A. DiColo Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- The Thrivent Natural Resources Fund (TREFX) has a longer history than its three-month track record might indicate. In October, Thrivent expanded a fund established in 2005 that focused on real estate to include other real assets, such as energy and commodities. The reason, said fund manager David Francis: The bloom is off the real estate rose, but commodities are still blossoming. (How long had fund existed under previous incarnation?) "We've become more optimistic on the longer-term story in commodities," said Francis, who has served as head of Thrivent's equity division for the past 11 years and now runs the Morningstar three-star-rated natural resources fund. The $110 million fund previously invested at least 80% of its assets in companies focused on the U.S. real estate industry, such as office-property developer Boston Properties Inc. (BXP) and retail and industrial property owner Vornado Realty Trust (VNO). Now, the fund aims to invest 80% of its assets in companies focused on natural resources. The switch has allowed Francis to expand into a wider array of companies, everything from fertilizer makers to real-estate development. Since the change to a broader focus in October, the fund is up 7.1%. Comparatively, the Standard & Poor's 500 has gained 4.6% over the same period. When including the legacy real estate portion, which Francis also oversaw, over the past three years the fund is up 20%, above the S&P 500's 4.5% return. Francis, based in Appleton, Wis., still plans to hold about 15% of the fund's assets in real estate. And for now, he is targeting companies that will provide steady returns even if the underlying commodities, such as oil, corn or cotton, are swinging wildly. The fund will aim to hold 60% of its assets in energy stocks, 8% to 9% in agriculture and roughly 20% in other basic materials. In energy, the fund is focused on oil and natural gas drillers and other oilfield service providers instead of the producers themselves. With oil back above $100 a barrel, some market analysts are predicting that prices could turn lower in the first half of 2012 before venturing higher through the end of next year. "As a strategy, we own a lot of pick and shovel type companies," Francis said. "we don't want to own the E&P (exploration and production) guys right now, we want to own the drillers." Favorites include Baker Hughes Inc. (BHI) and Weatherford International Ltd. (WFT). Both stocks have fallen from their highs reached early in 2011, and those losses accelerated as oil prices in August fell below $80 a barrel on the New York Mercantile Exchange. "Prices are sufficiently high, though, so you're not going to stop drilling," Francis said. Additionally, Fracis said, the fund has turned to companies that support higher production in the agriculture sector such as fertilizer maker Mosaic Co. (MOS) and seed maker Monsanto Co. (MON). Monsanto is aiming to tap into strong agriculture markets in Brazil and other South American countries, where farmers are expanding into new areas, including in the Amazon basin, to cultivate crops. "It's less direct exposure to commodities, and at least in the short term, that's going to be our emphasis," Francis said. (Jerry DiColo covers energy and commodities markets for Dow Jones Newswires. He can be reached at 212-416-2155 or via email at jerry.dicolo@dowjones.com.) (TALK BACK: We invite readers to send us comments on this or other financial news topics. Please email us at TalkbackAmericas@dowjones.com. Readers should include their full names, work or home addresses and telephone numbers for verification purposes. We reserve the right to edit and publish your comments along with your name; we reserve the right not to publish reader comments.)

Stock News for Boston Properties (BXP)
DateTimeHeadline
12/02/201315:08:37Boston Properties Declares Special Dividend of $2.25 a Share
11/15/201307:04:51Bridgewater Associates LP 3Q 13F: Largest Eliminations
11/14/201307:19:20The Vanguard Group 3Q 13F: Holdings As Of Sep 30 -2-
11/14/201307:19:20The Vanguard Group 3Q 13F: Holdings As Of Sep 30
10/30/201309:30:41U.S. Hot Stocks Futures: Hot Stocks to Watch
10/29/201318:55:31Boston Properties 3rd-Quarter Net Soars on Rising Base Rents
09/09/201310:22:33Boston Properties to Sell 45% Interest in Times Square Tower...
07/30/201320:25:40Boston Properties 2nd-Quarter Net Soars on Gain Tied to Joint...
05/01/201308:57:32U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/30/201319:27:20Boston Properties 1st-Quarter Profit Down 0.9%; Revenue Growth...
03/11/201308:58:15Boston Properties Names Owen Thomas as CEO
03/07/201315:00:45China Group May Buy Stake in GM Building in Manhattan
01/29/201319:18:12Boston Properties 4th-Quarter Net Down 36% on Higher Expenses
10/23/201218:34:16Boston Properties 3rd-Quarter Profit Down 18% on Higher Interest...
08/06/201218:29:27Boston Properties 2nd-Quarter Net Surges on One-Time Gain, Higher...
05/31/201216:56:10Corporate Bond Volume Tops May Forecasts Despite Volatility
05/15/201212:13:10Boston Properties Abandons Pursuit Of London Tower
05/01/201218:45:09Boston Properties 1Q Profit Jumps 58%; FFO Flat
03/08/201216:36:35REITs Lag Behind Broader Equities; Investors Make Room For Simon...
03/06/201210:47:00Boston Properties In Talks To Buy First Office Building In London-Sources

Boston Properties and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad