- The Fed’s “pause” in November drove a reallocation into S-REITs with a ~7% rise in Nov 2023, outperforming the benchmark. Investors embraced the potential shift in interest rates trajectory, leading to a notable increase in share prices all sub-sectors.
US yields dropped in Nov 23, supporting yield plays.
- - Read this at SGinvestors.io -
- In response to the more dovish sentiment on the street, performance of S-REITs (measured by the FSTREI index), climbed ~7% in the month of Nov 2023, outperforming the Straits Times Index (STI) gain of ~1%.
- - Read this at SGinvestors.io -
What to look out for?
A further pause in Dec 2023 will provide another boost; investors to sniff for hints of a normalisation trend.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Geraldine WONG DBS Group Research | Derek TAN DBS Research | Rachel TAN DBS Research | https://www.dbs.com/insightsdirect/ 2023-12-04
Read More Analysis On Singapore REITs (S-REITs):
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