I did consider Nikko but too many junk REITS inside and no cleansing process (or I not aware of).
The same can actually be said about syfe reit+
It has MAGIC and hospitality reits which some may view as junk at this moment
I did consider Nikko but too many junk REITS inside and no cleansing process (or I not aware of).
Pls read the 2nd link in 1st post...Does the bonds part in the portfolio comprises of SSB? If so, is it alot %?
Cons
2) This is an actively managed fund. Bonds and Reits allocation are changing. There is no guarantee that the fund can beat the index.
What index is Syfe REIT+ benchmarking against?
The same can actually be said about syfe reit+
It has MAGIC and hospitality reits which some may view as junk at this moment
A lot of REITs have rights issues/ placement shares and individual investors can apply excess that is basically 'free money' because the excess shares are at a lower price than market price. You can check out the various REITs threads to see you can get quite a lot of excess. You can't do that with ETF or Syfe.
Since i'm on SCB PB 0.18% comms and no min comm, its quite easy for me to rebalance my 10 REIT holdings (down from 12 due to mergers...). REIT lovers should consider trying to get SCB PB so that you can manager your own REIT fund.
This is the reply from Syfe on their REITS selection:
The REIT portion of our portfolio comprises 15 high quality Singapore listed REITs which includes Mapletree, Ascendas, Capitaland and others. The current selection criteria for the REITs is as follows:
Eligibility - SGX Listed REITs, SGD denominated
Liquidity – daily trading value as percentage of free-float market cap
Large market capitalization, reputed managers
Minimum free float of 20%
Low probability of default
The REIT portfolio thus comprises some of the most liquid and successful real estate managers with sustainable business models. We are continuously reviewing our screening and eligibility criteria and will keep clients posted as and when additional constraints are added.
Completely agree, taking the SCB approach results in:
a) Higher quality portfolio
b) Potentially higher returns due to no bond component (albeit, perhaps higher volatility, but this doesn't matter if you are a long-term investor)
c) Lower fees
Is ARI their selling point? seems to suggest this algorithm can optimise your portfolio better hence higher returns?
I did consider Nikko but too many junk REITS inside and no cleansing process (or I not aware of).
I made a comparison for REIT+ vs Lion Phillip S REITS vs NIKKO AM REITS.
Seems like Syfe REIT+ is just a subset of Lion Phillip S REITS.
So what is the biggest advantage of REIT+ over Lion S REITS?
Seems like none at the moment. I want to compare against FTSE ST Real Estate Investment Trusts Index but cannot find its factsheet which there was in the past
A) How do you know it is higher "quality"? Theres no guarantee your selection and weights will have higher performance
B) again theres no way to predict who will do better
C) diy is definitely lower fees
D) same scenario as before which i see robo/managed portfolio having the advantage. When your non financially savvy and non IT savvy beneficiaries take over, it can be taken over easily and continue to be managed (through paying the fee).
When syfe aum grows, maybe they'll introduce a tier at 0.3% fee?