New FTSE ST REIT Index (FSTAS351020)
FSTAS8670 has retired. The new FTSE ST REIT index now is FSTAS351020.
Currently the REIT index is trading within a range between 820 and 880. These 2 levels are supported by strong resistance turned support level at 820 and strong resistance at 880.
Direction: Sideway Range Bound until breakout or breakdown from these 2 key levels.
See previous post on Singapore REIT Monthly Update (May 2021) here.
Kenny Loh is a Senior Consultant and REITs Specialist of Singapore’s top Independent Financial Advisor. He helps clients construct diversified portfolios consisting of different asset classes from REITs, Equities, Bonds, ETFs, Unit Trusts, Private Equity, Alternative Investments, Digital Assets and Fixed Maturity Funds to achieve an optimal risk adjusted return. Kenny is also a CERTIFIED FINANCIAL PLANNER, SGX Academy REIT Trainer, Certified IBF Trainer of Associate REIT Investment Advisor (ARIA) and also invited speaker of REITs Symposium and Invest Fair. You can join my Telegram channel #REITirement – SREIT Singapore REIT Market Update and Retirement related news. https://t.me/REITirement