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Investors sing 'My Reit will go on'

Reits continue to offer yields of between five and six per cent; the FTSE ST Reit Index was at its highest since May 2013 on Thursday

Published Thu, Dec 28, 2017 · 09:50 PM
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SINGAPOREAN investors are not known for being romantics. But in yield stocks, they have found the love affair of a lifetime.

Income plays, notably real estate investment trusts (Reits), continue to be snapped up as Singapore stocks head for the finishing line in 2017.

The FTSE ST Reit Index hit a new high on Thursday and is at levels not seen since May 2013. That was before the "taper tantrum" began on worries around US tightening monetary policy.

On the second last day of 2017 trading, the benchmark Straits Times Index (STI) rose 0.22…

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