This is despite interest rate fears and the US Federal Reserve lifting the Fed Funds rate by another 25 basis points in June with yield spreads compressing to 3.2% from 3.7%.
SINGAPORE (Aug 24): There has been good interest in SREITs over the last couple of months with the sector bouncing 4.6% from the lows in June, says DBS Group Research.
The rebound was due to property funds switching from developers due to the additional property cooling measures in Singapore and generalist funds seeking yield given the uncertain macro backdrop arising from the trade war between China and the US.
