Singapore’s Straits Times Index dropped 8% in May 2019. S&P500 lost 6% in the same month. Can REITs hold up?
Sell in May and go away?
Let’s examine the YTD (Year-to-date) charts
- STI dropped 8% in May 2019.
- SPX dropped 6%.
- S-REITs dropped 1.8%.
Clearly in May 2019, S-REITs has shown great resilience against the larger drops in STI and SPX, which dropped 4 times more and 3 times more respectively.
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