Forward Mgmt Adds New Share Class For Fund

Privately-held asset manager Forward Management has added a new investor share class for the Forward Select Income Fund.

Privately-held asset manager Forward Management has added a new investor share class for the Forward Select Income Fund. The $1.2 billion strategy concentrates on preferred securities of real estate investment trusts (REITs). The vehicle is the fifth in San Francisco-based Forward’s real estate range of funds to be become directly accessible to retail investors.

Forward Select Income Fund’s new investor share class has zero sales load and a lower investment floor than the vehicle’s existing no-load institutional share class. Forward Management handled assets worth $5.1 billion as of September 30, 2011.

Click here for the release from PR Newswire.