Tag: Asian REITs
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Trust in Asian REITs
Trust Company of Australia (Trust) has unveiled plans to expand into the Asian market by opening offices in both Hong Kong and Singapore in a move to becoming a trustee of real estate investment trusts (REITs). Trust managing director, Jonathan Sweeney, said the move comes on the back of strong results after Trust redirected the…
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Call to sort out REIT launch
Hong Kong needs clear legislation and firm stock exchange commitment for the development of the Real Estate Investment Trust (REIT), according to analysts. They warned Hong Kong would be left behind by other regional financial centers like Singapore and Taiwan if local regulators do not encourage the launch of such an investment product soon. “Singapore,…
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China’s first exchange-traded fund starts trading
BEIJING, Feb. 23 — The mainland’s first exchange-traded fund, or ETF starts trading Wednesday on the Shanghai bourse. The move is aimed at helping to develop the nation’s fledgling stock markets. More than six billion units of Shanghai 50 ETF’s are being listed on the Shanghai Stock Exchange on Wednesday. The index ETF funds are…