S-Reits falter as investors weigh possibility of zero rate cuts in 2024
Analysts point out that changing expectations over the high interest rate environment has once again been a contributing factor for its underperformance
PRICES of Singapore-listed real estate investment trusts (S-Reits) have faced volatile trading in the past two weeks as interest rate expectations adjust following strong inflation data in the US.
The iEdge S-Reit index sank to 974.08 on Apr 19, close to the multi-year lows registered in October 2023, before rebounding slightly to 1,005.27 on Apr 25.
Analysts point out that changing expectations over the high interest rate environment has once again been a contributing factor for the underperformance of S-Reits.
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