Dear readers, the Singapore stocks markets tumbled 7.35% yesterday. While some investors are still shocked as they continue to buy Singapore stocks and caught a “falling knife”, I am not surprised at all. I have been sharing with all of you that more downturn is yet to come for Singapore stocks. And I urge all investors to be patient and invest stocks when all the buyers have fled.
But there is one thing that has shocked me looking at the Singapore stocks markets yesterday. Reits and Trusts fell like nothing. CromwellReit EUR dropped 24.68%. Cromwell Reit SGD fell 23.33%. Prime US Reit USD fell 19.23%, Manulife Reit USD went south 13.28%.
Who says Reits and Trusts are defensive? Reits and Trusts are ultimately equities and when the broader stock markets are sold off, Reits and Trusts will head south too!
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