Important Notes:
Major Asia Pacific REITs have historically delivered a consistent dividend income. Take Singapore REITs for example, out of the 11.9% annualized total return registered during the period of 2009 to 2023, around 55% was contributed by dividend.1
Singapore REITs dividend return vs price return (%)
REITs benefit from Asset Enhancement Initiatives, which can help to further increase property values and maintain sustainable rental income.
Active tenancy management can further increase occupancy rates.
Long-term development strategies, such as mergers and acquisitions, can further drive potential returns.
Major Asia Pacific REIT markets currently offer relatively attractive yields compared to other yield-oriented securities.
Yield comparison vs Equity/Government Bond (%)2
Over the past decade, REIT dividend return in major Asia Pacific markets has offered a consistently positive carry over inflation, or “yield premium", providing an "inflation adjusted" income solution to investors.
REIT dividend return vs CPI in major Asia Pacific markets (%)3
With the aim to achieve stable income and capital appreciation, the Fund remains diversified across secular growth sectors (industrial/Data Center REITs), operational recovery plays (retail/office/hospitality REITs) and potential alpha generation (non-REIT real estate stocks).
For illustrative purpose only. Above allocation does not represent actual portfolio allocation.
The Fund predominantly invests in REITs in Singapore, Hong Kong SAR and Australia as they offer relatively higher and stable dividend yields.
Illustrative market allocation5
Dividend schedule
(The distribution yield is not guaranteed. Distribution may be paid out of capital. Refer to Important Note 2)
*Applicable to monthly distribution share classes only.
120+ years
investment management experience in Asia
USD 147 billion
assets under management and administration in Asia7
200+
investment professionals based in Asia8
2636647