Lower U.S. rates are poised to drive the "everything rally" in Singapore equities into REITs, Phillip Securities Research's Paul Chew says in commentary, noting Fed Chair Powell's remarks last Friday.
Lower U.S. rates will also further lift sentiment in Singapore's property sector, the head of research says.
The brokerage also stays positive on foreign REITs, namely Stoneweg Europe Stapled Trust, Elite UK REIT and First REIT owing to their large yield pickup and resilient portfolio of assets.
Moreover, low rates will benefit asset managers such as CapitaLand Investment and Keppel via fundraising and transaction activity, Chew adds.
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