Dividend growth stocks trump Reits amid rate hike-driven volatility

Singapore

AS interest rates perk up and bond yields rise, investors betting on Reits and other erstwhile defensive "bond proxy" dividend stocks for income are being forced to rethink their strategies.

Reits and other dividend-paying equities which are viewed as "bond proxies" are having to compete for capital with the actual things as bond yields rise in a market primed for faster Fed rate hikes.