Ascendas REIT's property at 9 Changi South Street 3, Singapore. (Photo: REITsWeek)

Ascendas REIT has seen another SGD20.6 million (USD15 million) in net outflow of institutional funds amid a broader rout from defensive stocks across the SGX.

The outflow, which was recorded for the five-day trading period that began on 11 January, follows the more than SGD15 million in sell-downs reported in the week prior.

Related: Keppel DC REIT sees nearly SGD17 million in institutional fund outflows

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.