, Singapore

REIT ETFs' turnover soared 82.5% to $57.3m in March

They averaged a dividend yield of 6.6% and a total return of -30.8% YTD.

The three listed REIT exchange traded funds (ETFs) posted an 82.5% MoM surge in total monthly turnover to $57.3m in March from $34.4m in February, according to an SGX report.

These three trusts are the Phillip SGX APAC Dividend Leaders REIT ETF, the NikkoAM-StraitsTrading Asia ex-Japan REIT ETF, and the Lion-Phillip S-REIT ETF. Their total YTD net inflow amounted to $42.3m.

These REIT ETFs averaged a dividend yield of 6.6% in SGD terms. In 2020 YTD, the trio have averaged a total return of -30.8% in SGD terms, bringing their one-year total return to -24.5%.

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