- Volatility in S-REIT performance, with a general 5.1% m-o-m decline. US office sector a key underperformer this month.
- Across Feb 24, the general S-REIT index (FSTREI Index) saw a 5.1% m-o-m decline, underperforming the general STI index, which saw relatively flat m-o-m performance (-0.4% m-o-m).
- - Read this at SGinvestors.io -
STI quarterly review sees Frasers Centrepoint Trust entering the index.
- - Read this at SGinvestors.io -
- Our SG strategists expect Frasers Centrepoint Trust could see an initial weight of 0.8% within the index, with its investable market cap of S$2.4bn, higher than Emperador’s and DFI’s respective weightages of 0.55% and 0.29%.
- Considering Frasers Logistics & Commercial Trust (SGX:BUOU)’s trading performance when it first entered the STI index, the initial fund flow from the indexation could come in at anywhere between two to three days’ worth of trading value (hopefully more).
What to look out for?
- Read more at SGinvestors.io.
