SUBSCRIBERS

Jefferies upbeat on S-Reits in contrarian report

Except for periods of high growth and low inflation, S-Reits historically outperform the market on a total return basis

Published Mon, Nov 21, 2016 · 09:50 PM

Singapore

JEFFERIES on Monday issued a report with a contrarian bullish view on Singapore-listed real estate investment trusts (S-Reits), even as other houses are turning bearish on rate-sensitive instruments in anticipation of a December rate hike.

According to the federal funds futures rate, the probability of a December rate increase has surged to 98 per cent. The Federal Open Market Committee that decides on rate changes meets in three weeks' time.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes