Syfe REIT+ portfolio has just been rebalanced in line with the September 2024 semi-annual rebalancing for the iEdge S-REIT Leaders Index.
This twice-a-year rebalancing was completed on 24 September 2024.
The idea of using Syfe REIT+ is to rely on largely passive management, which means I don’t usually check my portfolio very often.
Once in a while, Syfe would send me an email to notify the latest updates on their end.
Table of ContentsKey Changes to Syfe REIT+ For Sep 2024
Real estate investment trusts (REITs) are funds that invest in a portfolio of income-generating real estate assets such as shopping malls, offices, hotels and industrial properties with the aim of generating income for the REIT’s unit holders.
Syfe REIT+ (review included) is a Singapore REIT portfolio that tracks the SGX’s iEdge S-REIT Leaders Index.
The iEdge S-REIT Leaders Index is a narrow, tradable, adjusted, free-float market capitalization-weighted index that measures the performance of the most liquid real estate investment trusts in Singapore in SGD.
Here are the key changes for this semi-annual update.
Inclusion: Starhill Global REITExclusion: OUE Real Estate Investment Trust
This was the exact opposite of what happened during the last Syfe REIT+ rebalancing in March 2024, when Starhill REIT was excluded, and OUE REIT was included. Considering both their tiny weighting, this change is rather insignificant.
If you are wondering about the flip-flop in the constituents of the iEdge S-REIT Leaders Index, remember that a specific methodology governs the inclusion of REITs. Liquidity criteria such as Average Daily Traded Value and Daily Traded Velocity must be met by REITs in order for them to be included in the index.
Syfe REIT+ Updated List Of Constituents
The constituents list has been updated to reflect the inclusion and exclusion below.
The methodology for the iEdge S-REIT
