I just came across a interesting article on "Dividend Yield Strategies in a Rising Rate Environment" by Mebane Faber. It provides a comparison of Price-to-Earnings ratios among the global markets, and shows that US stocks are currently priced more expensively compared to other global markets in Asia and Europe.
In Straits Times report (Blackstone eyes Europe, Asia for Real Estate Investment, dated 24 Aug), it reported that US investment firm are starting to eye on assets in Europe and Asia. Could this have a positive boost to the current S-REITs beaten down by the rising interest rate concerns? Only time will tell. If it is true, it is certainly welcoming as this will mean potential upside for my portfolio.