During the first four weeks of October, the Straits Times Index (STI) ended essentially flat with a marginal decline of -0.09%. Over the same timeframe the Dow Jones Industrial Average declined -2.46% or -2.96% in Singapore Dollar terms. The FTSE ST All Share Index which also includes a number of Trusts in its 161 constituents also ended essentially flat with a marginal gain of +0.19% over the first four weeks of October. The total return of the FTSE ST All Share Index, which includes dividend yield, over the period was +0.27%.
On a total return basis, the three largest Business Trusts (BTs) and Real Estate Investment Trusts (REITs), in terms of market capitalisation listed on SGX, have outperformed the STI & FTSE ST All Share Index in the month-to-date.
The five largest BTs listed on SGX that maintain an indicative distribution yield are:
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