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
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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.
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