Fund Description:
This fund invests in Real Estate Investment Trusts (REITs) in Asia Pacific. It is focused in highly developed financial and commercial hubs, namely Singapore & Hong Kong.
Comments:
The lockdown due to COVID-19 has put a serious dampener on the NAV. That said, I'm glad they did not attempt to go defensive by holding more cash (still maintain 5 - 6%). In fact, the following statement by the fund manager brings a lot of relief, "... the sell-off creates opportunities to buy into names with sustainable quality yields."
No comments:
Post a Comment