SINGAPORE: The Sabana syariah-compliant industrial Real Estate Investment Trust (Sabana REIT) has been included in the Morgan Stanley Capital International (MSCI) Global Small-Cap Indices.

In a statement on Wednesday, June 1, the manager of Sabana REIT Sabana Real Estate Investment Management Pte Ltd said the MSCI Indices were widely-tracked global equity benchmarks covering companies with good operational results and potentials.

Its chief executive officer/executive director Kevin Xayaraj said the inclusion would put Sabana REIT on the "radar screens" of a much wider group of institutional investors and funds seeking value and performance from markets round the world.

"We are greatly encouraged to have achieved this major milestone and feel honoured for the selection of Sabana REIT as one of the constituent stocks, considering that it has been listed for only six months," he said.

The MSCI's market capitalisation-weighted indices are among the most widely-used global equity benchmarks and serve as the basis for over 400 exchange-traded funds worldwide.

MSCI conducts its index reviews four times a year, and the latest changes were implemented at the close of the market on Tuesday. — Bernama

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