Frasers Centrepoint Trust will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index), effective 23 September, the trust said in a filing to SGX Thursday.
“This marks a significant milestone in FCT’s growth journey,” Richard Ng, CEO of Frasers Centrepoint Asset Management, the REIT’s manager, said in the statement.
“Being part of a leading benchmark index for listed real estate companies and REITs worldwide would enable FCT to reach out to the larger pool of institutional investors, raise FCT’s profile in the international investment community and further improve FCT’s trading liquidity,” Ng added.
The index series is designed to track listed real estate companies and REITs globally and is used as a benchmark for listed real estate investments, the filing said.
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