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SGX set to launch Asia’s first REIT futures

KUALA LUMPUR (Aug 5): The Singapore Exchange (SGX) yesterday said it is “pioneering Asia’s first international real estate investment trust (REIT) futures” based on indices tracking REITs listed in Singapore, Hong Kong, Malaysia and Thailand, reported The Edge Singapore.

SGX stated it will launch the SGX FTSE EPRA Nareit Asia ex-Japan Index Futures and the SGX iEdge S-REIT Leaders Index Futures on Aug 24.

According to the report, FTSE EPRA Nareit Global Real Estate Index “series is a widely followed global benchmark, with an estimated US$340 billion (RM1.43 trillion) of assets under management actively benchmarked or passively tracking the indices”.

The iEdge S-REIT Leaders Index “is the most liquid index-basket representation of the Singapore REIT (SREIT) market and one of the most widely referenced in SGX’s suite of indices”, wrote The Edge Singapore.

The two futures are “designed in accordance” with Commodity Futures Trading Commission guidelines and “allow broad distribution to the US and global institutional investors”.

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