Dear readers, even since the news of expected interest rate cuts by the US Federal Reserves earlier this month, Singapore Reits and Trusts have performed very well.
This has also led the LION-PHILLIP S-REIT ETF, a ETF comprising of a number of Singapore Reits to outperform as well.
The rally came on 11 Jul 2024, in line with the rally of Singapore Reits, as shown below.
10 Jul 2024: $0.786
11 Jul 2024: $0.806 (2.54%)
12 Jul 2024: $0.838 (3.97%)
As of today (17 Jul 24), LION-PHILLIP S-REIT ETF closed at $0.833, or around 6% higher than the closing price on 10 Jul 24, which reflected the broader optimism in Singapore Reits currently.
Please do your own due diligence when it comes to investing. The author is not vested in the aforementioned Reit.