Martin Lee @ Sg
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Phillip Singapore Real Estate Income Fund

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.

Phillip Singapore Real Estate Income Fund

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:

  1. Cache Logistics Trust
  2. Starhill Global REIT
  3. Mapletree Commercial Trust
  4. Suntec Real Estate Investment
  5. Ascendas Real Estate Investment
  6. CapitaMall Trust
  7. Mapletree Logistics Trust
  8. CDL Hospitality Trusts
  9. Fortune Real Estate Investment
  10. Parkway Life Real Estate Investment

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4 comments
Martin Lee says 6 years ago

Hi guys, confirmed that the benchmark is a price index. It doesn’t factor in the dividends.

Reply
anonymous says 6 years ago

Hi,

According to http://www.bloomberg.com/quote/FSTREI:IND/chart and http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/21sep2012-153 , and using the chart’s figures to try to match with Philips’ factsheet, I think its a Total Return index.

However, lets wait for Philips’ factsheet for the end of September. According to YTD figures from fundsupermart and the sgx link above, this actively managed Unit Trust will be underperforming the Total Return index by about 4-5% YTD come end September.

Reply
Anonymous says 6 years ago

Hi,

Is the benchmark used the FTSE ST Real Estate Investment Trusts Index Price or Total Return?

Reply
    Martin Lee says 6 years ago

    Hi, I think it’s the index price.

    Reply
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