Our Bedokian Portfolio test investor, Bob, had recently rebalanced his portfolio on 30 June 2026, which can be seen here.

At the end of last year, I had mentioned that Bob would be changing his real estate investment trust exchange traded fund, or REIT ETF (here). As observed, Bob usually rebalances his portfolio biannually: the first market day of the year in January and the last market day in June. On 30 June 2026, along with the usual SGD 5,000 cash injection, Bob had swapped out the REIT ETF with another. The timing was impeccable as that date is the last cum-dividend day for the replacement ETF (Amova-StraitsTrading Asia ex Japan REIT Index ETF, or ticker CFA).

Picture generated by Gemini

Why The Switch?

The previous counter in Bob’s holdings, the Phillip SGX APAC Dividend Leaders REIT ETF (BYJ), was the first of its