Iran war may hasten Reits’ waning popularity
A more hawkish tone from the Fed this week could further weaken sentiment towards real estate investment trusts
[SINGAPORE] The timing of UI Boustead Real Estate Investment Trust’s (Reit) mainboard debut couldn’t have been less fortunate.
When its units began trading on Thursday (Mar 12) afternoon, there seemed to be little doubt in the market that the US-Israeli war on Iran was going to stoke global inflation and drive interest rates higher.
US President Donald Trump had tried to calm the markets earlier in the week by predicting a quick end to the hostilities, and calling for a waiver of oil sanctions on Russia. But he did not succeed in coaxing the genie back into the bottle.
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