Real estate investment trusts (Reits) are losing their appeal as a defensive investment amid the coronavirus pandemic that is keeping consumers at home and causing economic activity to pause.Asian Reits have slumped by 43.8 per cent this year through March 19, according to Bloomberg data, while the MSCI Asia-Pacific Index has shed 27.8 per cent. Shares of Link Reit, Asia’s biggest real estate investment trust, have fallen 13.4 per cent in Hong Kong in the same period. Link shares rose about 1…
Source : South China Morning Post
Read more…Asian Reits losing defensive lustre as global market rout seen stoking credit stress















