
Singapore REITS on foreign jaunts outperform as home market stutters
Fears rise over Fed.
According to Reuters, real estate investment trusts in Singapore with growing exposures overseas in places like China, Japan and Australia are bucking the trend of lower returns at home where the city-state's market has been slowing.
Known as S-REITs, the $49 billion sector, Asia's second-largest after Japan, fared poorly in 2013. Jitters about the end of the U.S. Federal Reserve's stimulus programme and a series of moves by the Singaporean government to cool the property market raised concerns the trusts would lose their appeal to yield-hungry investors.
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