S-Reits steal the show after Fed rate cut
Investors pile into Singapore real estate investment trusts amid search for yield in low-rate environment
Add BT as a preferred sourceINVESTORS piled in on Singapore real estate investment trusts (S-Reits) after the US Federal Reserve's 50-basis-point emergency rate cut to boost confidence in the economy amid the Covid-19 outbreak.
On Wednesday, Reits - often viewed as key beneficiaries of reduced borrowing costs - outperformed the broader market.
The iEdge S-REIT Index, which tracks all S-Reits, gained 47.4 points or 3.3 per cent to 1,468.78, its biggest-ever single day jump.
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