Hot stocks: US office S-Reits up on Fed rate-cut expectations, MAS proposal to relax leverage limit
Manulife US Reit, Prime US Reit, and Keppel Pacific Oak US Reit trading in positive territory at market open
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PURE-PLAY US office real estate investment trusts (Reits) gained some ground on Tuesday (Aug 6) morning, following rising expectations that the US Federal Reserve would cut interest rates.
The gains also came after the Monetary Authority of Singapore (MAS) proposed in July to simplify requirements for all Reits.
The trio of US office Reits listed in Singapore – Manulife US Reit (MUST), Prime US Reit , and Keppel Pacific Oak US Reit (Kore) – were trading in the positive territory at the market open.
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