CapitaLand Ascendas REIT was the top REIT disposed of by institutional investors last week in terms of net fund outflows.

During the four-day trading period that began on 18 June due to a public holiday in Singapore, the REIT saw an SGD19.3 million outflow of institutional funds.

CapitaLand Ascendas REIT is a Singapore-heavy REIT that owns a portfolio of mostly high-tech industrial assets, business park properties, and data centres.

Related: CapitaLand’s flagship REIT sees SGD23.5 million net 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.