The Great SGX Sale on REITs
By (The) Boring Investor  •  July 21, 2013
As usual, whenever there is a Great Singapore Sales, everybody rushes into it. But when SGX holds a sales, everybody runs away from it. 

The latest SGX sales is on REITs/ Business Trusts (BTs), which have fallen by about 14% from end Apr 13 till end Jun 13 on average. The decline on some individual REITs/ BTs is even more, with Suntec falling by nearly 20%. The trigger for this decline is an impending end to the 3rd round of Quantitative Easing and rise in interest rates in US. It should also be highlighted that prior to this decline, REITs had risen by an average of 36% from end May 12 till end Apr 13. So, is this decline rational and overdone?

Let's us look at the historical yields of REITs and BTs for some answers. The chart below plots the median yields of REITs and BTs, as well ...
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By (The) Boring Investor
nvestor, Engineer, Photographer, Blogger, Friend and Son.
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