The Singapore skyline, with a view of major properties held by REITs. (Photo: REITsWeek)

The UOB APAC Green REIT ETF has finished its first trading day on the Singapore Exchange (SGX) relatively unchanged amid lingering concerns over inflation data.

The ETF, which aims to replicate constituents of the iEdge-UOB APAC Yield Focus Green REIT Index, opened at SGD1.008 on debut but subsequently retreated to SGD1.003 at the closing bell.

The index tracks 50 higher-yielding REITs across the Asia-Pacific that display relatively better environmental performance while meeting liquidity requirements.

The REITs featured in the UOB APAC Green REIT ETF are spread across Australia, Hong Kong, Japan and Singapore, and sectors include industrial, office, residential and retail.

The evaluation of these REITs is based mainly on GRESB’s data on the REIT’s environmental performance, including the lowering of greenhouse gas emissions, advancing energy and water conservation and supporting green building certification.

The UOB APAC Green REIT ETF has secured more than SGD80 million in assets during the initial offering period, which closed on 18 November 2021.

The UOB APAC Green REIT ETF aims for a dividend yield of up to 4% annually, with dividends distributed every quarter.

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.