– $CSOP S-REITs INDEX ETF(SRT.SI)$ gained 4.02% m/m in September from fund flows into the sector after the Fed began its rate cutting journey (Fed announced a 50bps rate cut in September)
– The 50 bp rate cut would lower borrowing cost in the future which in turn boosts AEI and M&A activities
Source:JPM, Bloomberg, as of 20241001
Source: JPM, Bloomberg, as of 20241001
SG REITs September 2024 Monthly Review
– Since inception, SRT outperformed 56bp gross of TER per annum.
– +49bp outperformance from the ETF’s tax efficiency and +7bp from portfolio positioning and participation in corporate actions.
past performance in not indicative of future performance
For illustration purposes only, not to be construed as recommendation to buy or sell.
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