That said, the outperformance was due to a range of stocks that only comprised one-third of the portfolio seeing positive share price increases m-o-m.
UOB Kay Hian has added Lendlease Global Commercial REIT (LREIT) to its alpha picks portfolio on Sept 3 after the portfolio “handily beat” the performance of the Straits Times Index (STI) in the month of August.
During the month, UOB Kay Hian’s alpha picks portfolio rose 0.9% m-o-m on an equal-weight basis, surpassing the STI’s performance, which declined 3.5% m-o-m.
