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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