Transactions made:
- Bought 2,000 units of CapLand China Trust at $1.16
Adding shares for the third consecutive month. This time, its CapLand China Trust, a new holding. I had also purchased Ascendas Reit last month, but decided to allocate them to my Wife and Children portfolios. I normally update my purchases via my InvestingNote account on the day of purchase, when CDP sends the sms notification at night. If you want to see a more timely update of transactions, you can see through that mode.
Reits have been beaten down quite badly over the past few months. Honestly, hand on heart, I do not understand the logic. Hence, the Reits purchases over the last 3 months. Yes, I know, interest rates will increase, but lets not forget the following:
a) Reits and Business Trust with good management have been hedging their interest rates and most of them have more than 70% of their borrows at fixed interest....