Monday, June 30, 2014


Reits; The Straits Times notes yield -hungry investors have rekindled their love affair with S-REITs as fears over interest rates hikes recede. The FTSE ST Reit index has gained as much as 12.5% since early Feb, with outperforming constituents being Suntec (+16.1%), CCT (+22%) and MCT (+16.6%) Barclays notes that the S-REITS have been tracking their US counterparts, which have also been enjoying a good run up recently. Believes the S-REITS are attractive bcs of their yields, with an avg yield spread of 3.6 ppts over the SG gov bonds which currently pay 2.4% yield.

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