1 Buroh Lane. (Ascendas REIT)1 Buroh Lane. (Ascendas REIT)

Against the backdrop of rising US Treasury yields, CapitaLand Ascendas REIT has emerged as the top Singapore Exchange (SGX)-listed REIT disposed of by institutional investors.

The outflow as funds came during the week that US 10-year Treasury Yields crossed the 4% mark, rattling global financial markets along the way.

CapitaLand Ascendas REIT is an industrial-heavy REIT with a portfolio value of about SGD17 billion.

Related: Mapletree Pan Asia Commercial Trust sees SGD11 million outflow of institutional funds

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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.