First Pure Singapore REITS ETF – Lion Phillip SREIT ETF

Today, I received a message from my broker asking whether I am interested in subscribing for the Lion Phillip SREIT ETF. The IPO price is at S$1.00 and no balloting is required which means a full allocation will be given if I subscribe for it.

It is the first REIT ETF that is purely based on Singapore REITs. Capitaland Mall Trust, being my favorite REIT in my stock portfolio makes up the major component in this ETF.

A glance at this Lion Phillip SREIT ETF gives me the impression that this ETF is overweight on Retail REITs and Industrial REITs which means it is suppose to be high yielding. Retail and Industrial REITs are highly cylindrical as compared to Healthcare REITs.

Disappointingly, Lion Phillip SREIT ETF is expected to provide only a 5.75% yield.

Previously, I have added more of Capitaland Mall Trust in November 2016. Based on an estimated price of S$1.94 at that point of time and an annualized distribution of 11.13 cents in FY16, this translate to a dividend yield of 5.74%. This is a pretty close match to to Lion Phillip SREIT ETF.

If you have read my previous post on Starhill Global REIT, the REIT provides a dividend yield of 6.65%.

Thus, I am giving Lion Phillip SREIT ETF a miss. Are you vested?

NoIndex SecurityWeighting (%)
1CapitaLand Mall Trust10.76
2CapitaLand Commercial Trust10.25
3Suntec REIT9.89
4Mapletree Commercial Trust8.98
5Keppel REIT8.54
6Ascendas REIT8.02
7Mapletree Industrial Trust7.64
8Mapletree Logistics Trust5.52
9Ascott Residence Trust4.54
10Mapletree Greater China Commercial Trust3.55
11CDL Hospitality Trusts3.50
12Starhill Global REIT3.44
13Frasers Commercial Trust2.35
14Parkway Life REIT2.34
15Frasers Centrepoint Trust1.97
16Keppel DC REIT1.71
17OUE Hospitality Trust1.42
18CapitaLand Retail China Trust1.26
19Lippo Malls Indonesia Retail Trust1.12
20Frasers Logistics & Industrial Trust0.88
21First REIT0.86
22Far East Hospitality Trust0.76
23Frasers Hospitality Trust0.70


  1. Nice summary about Lion Phillip SREIT ETF there you’ve got! I’m giving it a miss too :p
    Picking a good apple from the basket is nice. I’ll wait for the opportunity to add onto SGR

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