Singapore Exchange (SGX) has launched the SGX APAC ex Japan Dividend Leaders REIT Index which is the first Exchange Traded Fund (ETF) that is made up of 30 REITs across Asia Pacific, excluding Japan. SGX APAC ex Japan Dividend Leaders REIT Index demonstrated a yield of 4.53% over the period of twelve months to 29 July 2016. My personal opinion of SGX APAC ex Japan Dividend Leaders REIT Index is diversification. REITs by nature are dividend yielding instruments however most REITs are concentrated in a particular industry and when the particular industry faces a downturn, the REIT performance gets affected. For example, in the economic downturn in the hospitality industry, REITs like Far East Hospitality Trust, OUE Hospitality Trust gets impacted. The SGX APAC ex Japan Dividend Leaders REIT Index will be able to achieve some form of diversification. However, we should also note the classification of the REITs that make up ......