Global REITs

Global REITs: UBS note that Global Real Estate was down -0.7% and Global equities index was down -1.5% for the week. Recommend stay defensive over the next few mths, and maintain overweight on the US. preference for the HK and Singapore REITs/Investors over the HK/Singapore developers, underweight on Europe. House key Picks in SG Ppty segment are are Keppel Land & CDL Hospitality