[Asia Economy Reporter Koh Hyung-kwang] Korea Investment & Securities announced on the 29th that it will launch the 'Korea Investment Singapore Plus REITs Wrap,' which primarily invests in Singapore REITs.
This product is the first wrap account launched domestically to primarily target Singapore REITs. Singapore REITs, ranked 4th largest globally, record relatively high dividend yields among global REITs. The advisory is handled by Aegis Asset Management, a real estate specialized management company.
By investing in REITs listed on various countries' exchanges, investors can secure dividend income and also gain capital gains when REIT prices rise. Lee Jun-jae, Head of Investment Products Division at Korea Investment & Securities, said, "To pursue a portfolio suitable for industrial changes, we invest not only in traditional office and retail sectors but also in listed REITs related to data centers and communication towers associated with big data and 5G." He added, "This is a useful investment product for investors seeking dividend income in a low-interest-rate environment while adding REITs to their portfolio for diversification purposes."
The minimum subscription amount for the product is 30 million KRW, with additional payments possible in Korean won starting from 10 million KRW or in US dollars starting from 1 USD. For more details, inquiries can be made through all branches of Korea Investment & Securities.
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