Monday, July 29, 2013

2013 Portfolio Component Change (29 Jul)

My portfolio has became heavily exposed to industrial REITs with the inclusion of AIMS AMP REIT. With the QE tapering concerns still in the air, market sentiment on S-REITs and interest rate-dependant counters may take longer to recover.

After reviewing my portfolio components, I have made the following changes. I have fully divested AIMS AMP REIT and HPH Trust, and added Tai Sin and SPH. SPH has became more expensive after the recent run-up with the realization of SPH REITs. However, with the special dividend of $0.18 DPU declared, I still see value in parking cash with SPH instead of savings account. This translates into a 4% discount.

 

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