明星基金经理的选择：2013年15大金股

自助式仓储服务公司Public Storage

布莱恩·琼斯Neuberger Berman Real Estate基金

股票代码：(PSA)

行业：房地产

    布莱恩·琼斯和史蒂夫·什格卡瓦管理着6.70亿美元的Neuberger Berman房地产基金（ Neuberger Berman Real Estate Fund）。这只基金只持有40只股票，而前10大股票就占到了基金资产的近半。这样的策略给他们带来了良好的收益：晨星的数据显示，过去10年这只基金的平均年化收益率为13.3%，高于同类基金的10.3%。

    琼斯最看好的2013年股票是美国最大的自助式仓储公司Public Storage，该股目前占到Neuberger Berman基金资产总额的5%以上。Neuberger Berman基金对这家公司倍加推崇。Public Storage作为这个高度分散的市场中最大的一家公司（其2,200处仓库仅占全国50,000处仓库的4%），拥有竞争对手难以企及的财务实力和营销影响力。琼斯说：“它们拥有的自助式仓储设施是第二位的两倍多。”

    Public Storage声称，这些设施的出租率已超过90%，有助于公司提高租赁价格。琼斯表示，由于大公司具有经济优势，而新建仓储设施又存在融资困难，这一市场必将整合，Public Storage将从中获益。

    ——A.F.

Public Storage

Brian Jones Neuberger Berman Real Estate

Ticker: (PSA)

Sector pick: Real Estate

    Brian Jones and Steve Shigekawa, managers of the $670 million Neuberger Berman Real Estate Fund (NBRFX), own just 40 stocks, with the top 10 representing nearly half the fund's assets. That strategy has served them well: The fund has landed an average annualized gain of 13.3% for the past 10 years, vs. 10.3% for the category, according to Morningstar.

    Jones's favorite stock for 2013 is Public Storage, the largest self-storage company in the U.S., which represents more than 5% of the fund's assets. The REIT has a lot going for it. As the largest player in a fragmented market -- its 2,200 facilities are just 4% of the nation's 50,000 -- Public Storage has the financial strength and marketing clout that rivals lack. "They own more than twice as many self-storage facilities as their nearest competitor," Jones says.

    The company boasts occupancy levels above 90%, which has helped Public Storage boost its rental rates. With the economics favoring big players and a dearth of financing for construction of storage spaces, the market is primed to consolidate, Jones says, and Public Storage should benefit.

    --A.F.