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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

INVESTORS 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 -...