My POEMS broker contacted me regarding subscription for the new Phillip SGX APAC Dividend Leaders Reit ETF. 0% commission fees for the new launch of the ETF.
No. I will give this ETF a miss. The ETF may be good, but it just does not suit my investing style. I do not like bundle.
I do not have STI ETF. I do not have the full set of 3 Telcos. I do not have the full set of 3 Banks. And I will not have this Reit ETF.
Especially the yield of the bundle is much less than that of the individual constituents. And for diversification purposes, A-Reit, Suntec Reit, Starhill, Cache, CDLHT and the new Saizen Reit all have exposure to Australia already. So, I prefer picking my own cherries.
However, the components of the Reit ETF can be good reference for cherry picking. The Singapore Reits constituents and their weightages include:
8. Ascendas Real Estate Investment Trust (5.07%)
10. CapitaLand Mall Trust (3.97%)
11. Suntec Real Estate Investment Trust (3.36%)
12. CapitaLand Commercial Trust (2.81%)
13. Mapletree Commercial Trust (2.03%)
14. Mapletree Industrial Trust (1.95%)
15. Mapletree Greater China Commercial Trust (1.89%)
17. Keppel REIT (1.80%)
18. Mapletree Logistics Trust (1.63%)
24. Starhill Global Real Estate Investment Trust (1.09%)
25. Ascott Residence Trust (1.07%)
27. Cache Logistics Trust (0.99%)
28. Frasers Centrepoint Trust (0.97%)
29. CDL Hospitality Trust (0.97%)
Hmm, I am a bit surprised that Cache Log Tr is included.
Oh, the whole set of Mapletrees and CapitaLand Reits are included. Need some cherry picking again...