Singapore-listed industrial REITs may have been the favourite pick among investors during the COVID-19 outbreak, but the elation may be over judging from recent net outflows of institutional funds.
According to figures released by Singapore’s Economic Development Board, Singapore’s manufacturing output decreased 8.9% in February 2023 on a year-on- year basis.
Related: CapitaLand Ascendas REIT sees SGD18 million outflow of institutional funds
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