If you are interested in becoming a Singapore REIT investor but do not have the time or knowledge to do it, you might want to consider investing into a collective instrument that does it for them.
At the present moment, we do not really have a ETF that does this, but one unit trust that does this is the Phillip Singapore Real Estate Income Fund.
This fund seeks to achieve medium to long term capital appreciation and a regular stream of income by mainly investing in REITs listed in Singapore, including warrants, bonds and convertible bonds issued by the REITs.
It is the Managers’ intention to primarily invest the assets into REITs listed in Singapore, with a maximum amount of 10% into REITs listed outside Singapore. The fund is both cash and SRS approved.
The fund was only launched last year and below is the price chart as of 31 May 2012. Note that the benchmark is a price index and does not factor in dividends.
At the moment, the fund charges an annual management fee of 0.8% and there is an upfront sales charge of 0.5% through the Phillip Unit Trust platform and Fundsupermart. I was not able to find this fund on Dollardex.
And for those who are curious as to what REITs the fund holds, the top 10 holdings of the fund (as at 31st May 2012) are as follows: