Education needed to make 'foreign Reits' more welcome in the local market
There is a prejudice institutional funds based in Singapore sometimes have towards Singapore real estate investment trusts (S-Reits) that hold foreign assets, but as more of such instruments join the local bourse, their attitude may have to change.
This comes as the Singapore Exchange continues to woo more of such foreign-asset S-Reits to list here. The market expects Reit listings to form a significant part of the initial public offering (IPO) pipeline this year.
The hard numbers also show that foreign-asset S-Reits have done better than their "local" counterparts on the stock market this year.
After the correction in end-January and early February, most S-Reits are still under water. Index stocks and institutions' favourites such as CapitaLand's, Frasers Property's and Mapletree's st…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Deutsche Bank has cut dozens in Asia private banking overhaul
Middle East violence heightens market fears of rate hikes, inflation
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Inside TSMC chairman Mark Liu's short but impactful reign