Today, I received a message from my broker asking whether I am interested in subscribing for the Lion Phillip SREIT ETF. The IPO price is at S$1.00 and no balloting is required which means a full allocation will be given if I subscribe for it.
It is the first REIT ETF that is purely based on Singapore REITs. Capitaland Mall Trust, being my favorite REIT in my stock portfolio makes up the major component in this ETF.
A glance at this Lion Phillip SREIT ETF gives me the impression that this ETF is overweight on Retail REITs and Industrial REITs which means it is suppose to be high yielding. Retail and Industrial REITs are highly cylindrical as compared to Healthcare REITs.
Disappointingly, Lion Phillip SREIT ETF is expected to provide only a 5.75% yield.
Previously, I have added more of Capitaland Mall Trust in November 2016. Based on …