I was keen to learn more about the Reit ETF that is being promoted.
Until I learnt that a large percentage of the SGX REIT ETF is in Australian REITs: 60% to be precise. Now other than exposure to the A$, the commodity currency, the problem isAustralia has a withholding tax, currently at 15%.
It is also important to note that that the distributions paid by the pool of listed REITs are also subjected to Singapore corporate income tax rate which is currently at 17%. This tax is applicable at the fund level but not at the individual level.
All these taxes, and mgt charges (it’s not a cheap ETF) makes lousy yield of only around 4.5% net.