
DollarsAndSense.sg
2022-07-02 23:52:11
5 SREITs That Institutions Are Buying (More Than Selling) In 2022 Year-To-Date: Ascott Trust (SGX: HMN); Suntec REIT (SGX: T82U); CICT (SGX: C38U); FHT (SGX: ACV); Keppel REIT (SGX: K71U)
In the second quarter of 2022, the Straits Times Index (STI) delivered a negative 8% total return. This isn’t that surprising as global markets have been extremely volatile in that time – marked by Russia’s invasion of Ukraine, disruptions to supply chains, runaway inflation and rising interest rates.
On the back of this, the SGX reported that institutions have pulled nearly $1.1 billion from Singapore stocks in the second quarter of 2022 on an aggregate basis. Diving deeper, banks, technology and REITs counters have booked the most net institutional outflow across all sectors.
Against this challenging operating backdrop, there were still 5 REITs that managed to attract more institutional funds – pouring in $300 million more into the counters in 2022. This acted as a catalyst for t