Monday, August 29, 2011


Fund plays on S-REIT: (Key Feature on the Edge) Phillips launching SG’s first Unit Trust that will invest primarily in locally listed REITs. Aim to pay annual div yields of ard 6%, vs 10 yr govt bond yields of 1.5%. Fund will hold only 15-18 listed REITs in its portfolio out of the 25 listed. Fund is most bullish on Mapletree Industrial Trust, Mapletree Logistics Trust and Frasers CentrePoint Trust.

Tip Mapletree Industrial and Logistics Trusts to benefit from its strong sponsor and add that rentail yields for industrial proerpties in SG have been on an uptrend since early this yr, with investors switching their attention to industrials. Other names like Suntec REIT and CMT, both of which have good sponsors will be among the funds top holdings.

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